Rhea-AI Summary
Hexindai Inc. (NASDAQ: HX) has announced a change in its American depositary share (ADS) ratio, adjusting from one ADS representing one ordinary share to one ADS representing three ordinary shares. This modification will not alter the ordinary shares, and no action is required from ADS holders. The change is expected to impact trading on August 24, 2020. While an increase in the ADS price is anticipated proportionally, the company cannot guarantee that it will reach three times the previous price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.53%
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