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Sendas Distribuidora ( (ASAI) ) has shared an announcement.
Sendas Distribuidora’s board of directors has approved the voluntary delisting of its American Depositary Shares from the New York Stock Exchange and the subsequent deregistration with the SEC. This strategic decision aligns with the company’s focus on maintaining efficient operations and cost-effectiveness, as most trading activity occurs on Brazil’s B3 exchange. Despite delisting, Sendas will continue to uphold its corporate governance standards.
More about Sendas Distribuidora
Sendas Distribuidora S.A. is a publicly-held company based in Rio de Janeiro, Brazil. The company operates in the distribution sector, focusing on efficient operations with a low-cost structure. Its market presence is primarily concentrated on B3’s Novo Mercado segment.
YTD Price Performance: -70.19%
Average Trading Volume: 666,827
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1B
Learn more about ASAI stock on TipRanks’ Stock Analysis page.
