Xylo Technologies Ltd (XYLO) has released an update.
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Xylo Technologies Ltd., a diversified technology firm, has announced a reverse split of its American Depositary Receipt (ADR) program, set to take place on August 5, 2024. The adjustment will alter the ratio from 15 to 40 ordinary shares per ADR, but will not affect the company’s share capital or the ownership percentage of ADS holders, barring minor changes due to fractional ADS treatment. Xylo is known for its involvement in advanced medical solutions, digital commerce, and the electric vehicle industry.
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