Yunji (YJ) has released an update.
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Yunji Inc., a prominent social e-commerce platform in China, has announced a modification to its ADS (American Depositary Shares) structure, transitioning from a one-to-one hundred ratio to a one-to-four hundred ratio, effectively constituting a one-for-four reverse ADS split scheduled for September 13, 2024. This change is expected to proportionally increase the trading price of Yunji’s ADSs on the Nasdaq, although the company clarifies that there’s no guarantee of the post-adjustment price. The adjustment will not affect the underlying Class A ordinary shares, with no new shares being issued or cancelled.
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