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FINWIRES

Hesai's 8-for-1 Share Split Becomes Effective

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Hesai's (HKG:2525) previously announced 8-for-1 share subdivision became effective Friday, with trading in the subdivided Class B shares commencing on the Hong Kong Stock Exchange, according to a bourse filing.

The company said the share split is intended to lower the investment threshold, improve trading liquidity and broaden its shareholder base by making the shares more accessible to retail investors.

The board lot size has been changed to 100 subdivided Class B shares from 20 existing Class B shares, and new share certificates for the subdivided shares will be issued in yellow.

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