CNFinance to implement 1-for-10 reverse ADS split

Published 2 months ago Negative
CNFinance to implement 1-for-10 reverse ADS split
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* CNFinance Holdings (NYSE:CNF [https://seekingalpha.com/symbol/CNF]) will change its ADS ratio from 1 ADS:20 Class A shares to 1 ADS:200 Class A shares.
* The change effectively represents a 1-for-10 reverse ADS split for holders of ADSs.
* The change is expected to take effect on or around September 5, 2025.
* CNF shares down 5.7% post-market on Friday.
* Source: Press release [https://seekingalpha.com/pr/20202949-cnfinance-announces-plan-to-implement-ads-ratio-change]

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* Financial information for CNFinance [https://seekingalpha.com/symbol/CNF/income-statement]