CL Workshop Group Limited Changes ADS Ratio for Nasdaq Trading
2 reports, 1 independent
Updated Wed 00:00
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What happened
CL Workshop Group Limited announced a change to its American Depositary Shares (ADSs) ratio, effective November 6, 2026. The ratio will change from one ADS representing eight Class A ordinary shares to one ADS representing six hundred and forty Class A ordinary shares. For ADS holders, this change is equivalent to a one-for-eighty reverse split, though the Class A ordinary shares are unaffected.
From prnewswire.com
Why it matters
The change affects how the company's shares are represented on the Nasdaq. The adjustment to the ADS ratio changes the trading mechanics for American Depositary Share holders.
From prnewswire.com
Who's involved
- NasdaqThe American stock exchange where the shares will continue trading
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The entities involved
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Nasdaq
American fully electronic stock exchange
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