Home > News content

Baidu plans to split one common share into 80 shares, corresponding to HK $244.9 per share in Hong Kong

via:新浪科技     time:2021/1/23 10:36:33     readed:317

Baidu announced yesterday that a special shareholders' meeting will be held at 11:00 a.m. Beijing time on March 1, 2021 at No. 10, Shangdi 10th Street, Haidian District, Beijing. At this shareholders' meeting, the company will split each class a share, class B share and preferred share into 80 shares for deliberation and voting at the special shareholders' meeting.

Baidu's board of directors has approved the adjustment of the conversion ratio between American Depository shares (ads) and common shares after the split, from 10 ads representing 1 class a common share to 1 ads representing 8 class a common shares. The adjustment will take effect on March 1, 2021. Of course, the premise is that shareholders approve the 1:80 split proposal.

As of yesterday's close, Baidu's price per ads was US $252.75, corresponding to US $2527.5 per share; after the split, Baidu's price per ads was US $31.59375, equivalent to HK $244.9 per share.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments