Dividends & Buybacks ·
AMTD IDEA changes ADS ratio from 6-to-1 to 360-to-1 in one-for-60 reverse split effective Oct. 19
AMTDAmtd Idea Group
AMTD IDEA Group announced a change to its American depositary share (ADS) ratio, converting from one ADS representing six Class A ordinary shares to one ADS representing 360 Class A ordinary shares. This adjustment functions as a one-for-60 reverse split of the ADSs and is effective on or about October 19, 2026. The move follows a July notice from the New York Stock Exchange indicating non-compliance with the $1.00 minimum bid price requirement due to an average closing price below that threshold over a consecutive 30-trading-day period. The company states the change is intended to facilitate regaining compliance with NYSE listing standards and will not affect underlying business operations, financial condition, or shareholder equity. Fractional ADS entitlements will be aggregated, sold by the depositary bank, and net proceeds distributed to holders. As of October 7, 2026, the company had repurchased 4,417,036 ADSs under existing programs. AMTD IDEA Group operates as a diversified financial institution and digital solutions conglomerate connecting companies and investors with global markets.