$TuanChe (TC.US)$ decliners from North Asia were led by financial product recommendation platform Jianpu Technology (JT) and automotive ecommerce platform TuanChe (TC), which tumbled 19% and 13%, respectively. They were followed by internet and data center service provider VNET Group (VNET) and computer hardware maker Canaan (CAN), which lost 6.6% and 6.4%, respectively.
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$TuanChe (TC.US)$ TuanChe plans to change the ratio of its American Depositary Shares – ADSs – to Class A ordinary shares from the current ADS Ratio of one ADS to 16 Class A ordinary shares to a new ADS Ratio of one ADS to 240 Class A ordinary shares. TuanChe’s ADSs will continue to be traded on the Nasdaq Stock Exchange under the symbol “TC.” For TuanChe’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-fifteen reverse ADS split. The change in the ADS Ratio will ...
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