Lixiang Education Holding Co (LXEH) has released an update.
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Lixiang Education Holding Co., Ltd., a leading private education provider in China, is set to adjust its American depositary shares (ADSs) structure, shifting from a ten-to-one to a one-hundred-to-one ordinary share ratio, effectively enacting a one-for-ten reverse ADS split. The modification, which is scheduled to take place on September 30, 2024, will be automatic for ADS holders and will not impact the company’s ordinary shares or its Nasdaq listing under the symbol ‘LXEH’.
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