Lixiang Education to Implement ADS Ratio Change

MT Newswires Live

04/02

Lixiang Education (LXEH) said late Wednesday it plans to change the ratio of its American depositary shares to its stock to 1 ADS to 1,000 shares from 1 ADS to 100 shares.

The change is expected to be effective April 20, the firm said.

Shares were down over 10% in after-hours activity.

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