Summary by Futu AI
GDS Holdings announced that JPMorgan Chase Bank, N.A., the depositary for its American depositary shares (ADSs), will transition its custodian role to HSBC Hong Kong, effective August 12, 2024.During the migration period from August 5 to August 12, 2024, the company will temporarily suspend conversions between ADSs and ordinary shares registered on both Cayman Islands and Hong Kong share registrars. The custodian change will not affect regular trading of securities on either The Nasdaq Global Market or the Hong Kong Stock Exchange during this period.