Kuke Music Holding ( (KUKE) ) has issued an announcement.
Kuke Music Holding Limited announced a change in its American depositary shares (ADS) ratio from one ADS representing one Class A ordinary share to one ADS representing ten Class A ordinary shares, effective around March 13, 2025. This change, akin to a one-for-ten reverse ADS split, is expected to proportionately increase the ADS trading price, although no assurance is given. The change will not affect the underlying Class A ordinary shares, and the ADSs will continue trading under the ticker symbol ‘KUKE’.
More about Kuke Music Holding
Kuke Music Holding Limited is a leading classical music service platform in China that offers a comprehensive range of services from content provision to music learning. The company boasts a vast library of approximately 3 million audio and video music tracks, collaborating with Naxos, the largest independent classical music content provider globally. Kuke provides scalable classical music licensing services to online platforms and subscription services to over 800 institutions in China. Additionally, it hosts the Beijing Music Festival and offers smart music learning solutions through its proprietary platform, KUKEY.
YTD Price Performance: -36.61%
Average Trading Volume: 364,399
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.96M
Find detailed analytics on KUKE stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com