Zhihu, Inc. (ZH) has released an update.
Zhihu Inc., a prominent online content community in China, has announced a significant adjustment to its American depositary shares (ADSs), switching from a two-for-one to a one-for-three ADS-to-Class A ordinary share ratio, effective around May 10, 2024. This change is comparable to a one-for-six reverse ADS split, requiring holders to exchange six current ADSs for one new ADS. This strategic move aims to proportionately raise the ADS trading price, although future prices cannot be guaranteed.
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