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DouYu International Announces ADS Ratio Change Effective March 28
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DouYu International Announces ADS Ratio Change Effective March 28
Mar 15, 2024 8:24 AM

11:00 AM EDT, 03/15/2024 (MT Newswires) -- DouYu International ( DOYU ) said Friday it plans to change the ratio of its American depositary shares to its ordinary shares to one ADS representing one share from 10 ADS representing one share.

The change, which is expected to take effect on March 28, will have the same effect as a 1-for-10 reverse ADS split and requires no action from holders of uncertificated ADS, the company said.

DouYu ( DOYU ) said the ADS price is expected to increase proportionally, but it cannot assure that the price will be equal to or greater than 10 times the ADS price before the change.

DouYu ( DOYU ) shares fell 3.1% lower in recent trading Friday.

Price: 0.72, Change: -0.02, Percent Change: -3.07

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