Brief: Zhihu Announces Plan To Implement ADS Ratio Change

Zhihu

26/04/2024 21:35

April 26 (Reuters) - Zhihu Inc  2390.HK :
    * ZHIHU INC. ANNOUNCES PLAN TO IMPLEMENT ADS RATIO CHANGE
    * ZHIHU INC - FOR COMPANY'S ADS HOLDERS, ADS RATIO CHANGE
WILL
HAVE SAME EFFECT AS A ONE-FOR-SIX REVERSE ADS SPLIT
    * ZHIHU-  TO CHANGE RATIO OF ADSS TO CLASS A ORDINARY SHARES
PAR
VALUE US$0.0001 PER SHARE TO NEW RATIO OF 1 ADS REPRESENTING 3
CLASS A ORDINARY SHARES
    * ZHIHU INC - UPON EFFECTIVE DATE, ADS HOLDERS WILL BE
REQUIRED TO
SURRENDER AND EXCHANGE EVERY SIX EXISTING ADSS THEN HELD FOR ONE
NEW ADS

Source text for Eikon:  ID:nPnsLCpYa 
Further company coverage:  2390.HK 

 (Reuters.Briefs@thomsonreuters.com)