- Mercurity Fintech ( NASDAQ: MFH ) said Friday its board approved to reverse its decision on the ADR ratio change and maintain the current ADR to ordinary share ratio at 1-to-360 till the cancellation of the ADR facility.
- The board earlier approved the share consolidation and simultaneous change of ADR ratio.
- As a result of the earlier approved mandatory exchange and share consolidation, ADR holders should expect to receive nine-tenths of one new ordinary share for every ADR held.
- Shares of Mercurity ( MFH ) +3.9% after hours.
- Earlier, Mercurity ( MFH ) reported H1 results .
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Mercurity Fintech scraps ADR ratio change