NetEase (NTES) Announces ADS Ratio Change
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NetEase Announces ADS Ratio Change
September 18, 2020 5:30 AM EDTHANGZHOU, China, Sept. 18, 2020 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that it will change the ratio of its American depositary shares ("ADSs"), representing ordinary shares, from the current one (1) ADS for every twenty-five (25) ordinary shares to one (1) ADS for every five (5) ordinary shares.
From the perspective of an ADS holder, the ADS ratio change has the same effect as a five-for-one ADS split, and NetEase ADS holders at the close of business, New York time, on September 30,... More
