Fresh2 Group announces plan to implement ADS ratio change

  • Fresh2 Group (NASDAQ:FRES) on Monday said it plans to change the ratio of its American depositary shares to its Class A ordinary shares from one ADS representing twenty Class A ordinary shares to one ADS representing two hundred Class A ordinary shares.
  • The ADS ratio change is expected to become effective on or about July 10.
  • The company’s ADSs will continue to be traded on Nasdaq under the ticker symbol “FRES.”
  • FRES +0.78% after hours to $0.321.
  • Source: Press Release