Summary by Futu AI
Uxin Limited (ticker: UXIN) has announced a reverse stock split that will take effect on January 16, 2024. The reverse split will be conducted at a ratio of 1-for-10, meaning that each existing American Depositary Share (ADS) of Uxin will be converted into the right to receive 0.1 new ADSs. Following the reverse split, the company's option symbol will change from UXIN to UXIN2. The adjustment will occur before the market opens on the effective date, and the new CUSIP number for Uxin Limited will be 91818X306. The pricing for the new UXIN2 will be set at 0.10 times the last closing price of UXIN. This corporate event will also result in changes to the contract multiplier and deliverable per contract for options and futures, with the new multiplier being 100 and the new deliverable being 10 new Uxin Limited ADSs per contract.