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Sendas Distribuidora ( (ASAI) ) just unveiled an announcement.
Sendas Distribuidora S.A. has announced its intention to voluntarily delist its American Depositary Shares from the New York Stock Exchange. The decision is part of a strategic move to concentrate its trading activities on the Novo Mercado, where the majority of its shares are already traded, aligning with its long-term efficiency goals as a low-cost company. Despite the delisting, Sendas will maintain high corporate governance standards and continue to keep its common shares listed on the Novo Mercado in Brazil.
More about Sendas Distribuidora
Sendas Distribuidora S.A., known as Sendas Distributor S.A. in English, operates in the retail distribution industry. The company focuses on providing low-cost distribution services and has its primary market presence in Brazil, with its common shares mainly traded on the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão.
YTD Price Performance: -70.19%
Average Trading Volume: 666,827
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1B
See more data about ASAI stock on TipRanks’ Stock Analysis page.
