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Eason Technology announced that NYSE Regulation has withdrawn its delisting determination and will lift the trading suspension of the company's ADS on the NYSE American. The decision comes after the company's ADS price rose above the minimum threshold required by Section 1003(f)(v) of the NYSE American Company Guide. Trading is expected to resume on January 24, 2025, under the symbol 'DXF' with CUSIP '26605Q304'.
Dunxin Financial Holdings (DXF) has announced a corporate name change to Eason Technology , effective January 10, 2025. The company is also changing its Chinese dual foreign name from '敦信金融控股有限公司' to '益生科技集团'. Despite these changes, the company's American depositary shares (ADSs) will maintain their current trading symbol and CUSIP number.
Dunxin Financial Holdings (OTC Pink: DXFFY) announced plans to change its American depositary shares (ADSs) ratio from 1:480 to 1:60,000 Class A ordinary shares, effective December 4, 2024. This change will function similarly to a 1:125 reverse split for ADS holders.
The company's Class A ordinary shares will remain unchanged. ADS holders must surrender their securities for cancellation and exchange. No fractional ADSs will be issued; instead, fractional entitlements will be sold, with net proceeds distributed to affected holders. Trading will continue under the symbol 'DXFFY' on the OTC Pink market.
Dunxin Financial Holdings (OTC Pink: DXFFY) announced a private placement of a $162,500 convertible promissory note with Bucktown Capital, The note bears an 8% annual interest rate and matures in nine months. The investor can convert the note into American Depositary Shares (ADS) after six months at 75% of the lowest 10-day VWAP minus ADS fees. The company can prepay at 120% of the outstanding balance. Weekly ADS sales by the investor are to 15% of trading volume until 30 days after note satisfaction.