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Orix ( (IX) ) just unveiled an announcement.
ORIX Corporation announced a change in the ratio of its American Depositary Shares (ADSs) to common shares, aimed at increasing trading liquidity and expanding its shareholder base. The new ratio, changing from one ADS representing five common shares to one ADS representing one common share, is set to take effect on February 27, 2025, with the first trading date on February 28, 2025. This strategic adjustment is expected to facilitate easier access to ORIX’s ADSs on the New York Stock Exchange, potentially enhancing the company’s market presence and investor appeal.
More about Orix
ORIX Corporation, established in 1964, has evolved from its origins in leasing in Japan to become a global corporate group. Its operations span financing and investment, life insurance, banking, asset management, real estate, environment and energy, and more. With a presence in approximately 30 countries and regions, ORIX Group employs around 34,000 people and is committed to sustainable development through diverse expertise and innovative thinking.
YTD Price Performance: 0.93%
Average Trading Volume: 33,911
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $24.23B
Find detailed analytics on IX stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
