AMTD IDEA Group Announces ADS Ratio Change
Key Highlights
- ➤ADS ratio changes from 1:6 to 1:360 effective on or about October 19, 2026
- ➤NYSE cited AMTD for sub-$1 average ADS price over 30 trading days
- ➤Ratio change equivalent to a one-for-60 reverse ADS split for holders
- ➤AMTD repurchased 4,417,036 ADSs under existing programs as of October 7, 2026
PARIS and NEW YORK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- AMTD IDEA Group (NYSE: AMTD; SGX: HKB) ("AMTD IDEA" or the "Company"), today announced that it will change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from one (1) ADS representing six (6) Class A ordinary shares to one (1) ADS representing 360 Class A ordinary shares, effective on or about October 19, 2026, U.S. Eastern Time (the "Effective Date").
On July 8, 2026, the Company received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company was not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of July 7, 2026, the average closing price of the Company's ADSs was less than US$1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company's ADSs on the NYSE, subject to the Company's continued compliance with the NYSE's other continued listing requirements. The Notice is not expected to affect the Company's business operations or its reporting obligations with the U.S. Securities and Exchange Commission.
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