Cango (CANG) to end ADR program, list Class A shares on NYSE
Cango Inc. (CANG) plans a structural change to its U.S. listing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Cango Inc. (CANG) plans a structural change to its U.S. listing. The company reported via Form 6-K that it will terminate its American Depositary Receipt (ADR) program and list its Class A ordinary shares directly on the New York Stock Exchange. This shifts trading from ADRs to the company’s ordinary shares. The update was furnished with an exhibit titled “Cango Inc. to Terminate ADR Program and List Class A Ordinary Shares Directly on NYSE.”
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