When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BEST Inc. American Depositary Shares each representing one Class A
2023-03-23 06:44:21 ET
Supply chain service provider BEST ( NYSE: BEST ) plans to implement a change in the ratio of its American Depositary Shares to its Class A ordinary shares, effective on or about April 4, 2023.
The ratio will be changed from one (1) ADS to five (5) Class A ordinary shares currently to a new ratio of one (1) ADS to twenty (20) Class A ordinary shares. The change will have the same effect as a one-for-four reverse ADS split.
As a result, BEST's ADS trading price is expected to increase proportionally.
BEST shares were down around 4% in Thursday's premarket hours