The ADSs of the Company are expected to start trading under the new name and ticker at 4:00 A.M. (Eastern Daylight Time) on June 13, 2022.
As a result of the Transaction, RISE will change its corporate name to "NaaS Technology Inc." and its ticker to "NAAS."
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/1/2021 | $7.50 → $2.90 | Outperform → Neutral | Credit Suisse |
BEIJING, Nov. 22, 2021 /PRNewswire/ -- RISE Education Cayman Ltd (the "Company") (NASDAQ:REDU) today announced that Ernst & Young Hua Ming LLP ("EY") had resigned as the independent registered public accounting firm of the Company, effective November 19, 2021. EY's audit report on the Company's consolidated financial statements as of and for the year ended December 31, 2020 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the audit for year ended December 31, 2020, there was no disagreements, as defined in Item 16F (a)(1)(iv) of Form 20-F and the related instructions, between the Com
SC 13D - NaaS Technology Inc. (0001712178) (Subject)
SC 13D - NaaS Technology Inc. (0001712178) (Subject)
SC 13G - NaaS Technology Inc. (0001712178) (Subject)
6-K - NaaS Technology Inc. (0001712178) (Filer)
6-K - NaaS Technology Inc. (0001712178) (Filer)
6-K - NaaS Technology Inc. (0001712178) (Filer)
BEIJING, Aug. 22, 2022 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the quarter and six months ended June 30, 2022. Second Quarter 2022 Operational Highlights: Charging volume transacted through NaaS' network in the second quarter of 2022 reached 580GWh, representing an increase of 135% year over year. Total charging volume in the first half year of 2022 reached 1,062GWh, and increased by 160% year over year.Gross transaction value transacted through NaaS' network in the second quarter of 2022 reached RMB537.
Credit Suisse downgraded RISE Education Cayman from Outperform to Neutral and set a new price target of $2.90 from $7.50 previously
BEIJING, Aug. 22, 2022 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the quarter and six months ended June 30, 2022. Second Quarter 2022 Operational Highlights: Charging volume transacted through NaaS' network in the second quarter of 2022 reached 580GWh, representing an increase of 135% year over year. Total charging volume in the first half year of 2022 reached 1,062GWh, and increased by 160% year over year.Gross transaction value transacted through NaaS' network in the second quarter of 2022 reached RMB537.
BEIJING, June 10, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) announced that it expects to close the merger between RISE and Dada Auto Inc. ("NaaS") previously announced on February 8, 2022 (the "Transaction") after the close of trading hours for the Nasdaq Stock Market later today. As a result of the Transaction, RISE will change its corporate name to "NaaS Technology Inc." and its ticker to "NAAS." The number of the Company's shares represented by each American Depositary Share ("ADS") will also be changed from two (2) shares per ADS to ten (10) shares per ADS (the "Ratio Change"), which will have the same effect as a one-for-five reverse split on
BEIJING, June 1, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) today announced its plan to change the number of the Company's shares represented by each American Depositary Share ("ADS") from two (2) shares per ADS to ten (10) shares per ADS (the "Ratio Change"). The effective date of the Ratio Change is expected to be June 10, 2022. To effect this Ratio Change, ADS holders will be required to exchange their existing ADSs for new ADSs on the basis of one (1) new ADS for every five (5) existing ADSs surrendered. No fractional ADSs will be issued. Instead, the Company's depositary, JPMorgan Chase Bank, N.A. (the "Depositary"), will aggregate fractional
Gainers RISE Education Cayman Ltd (NYSE:REDU) shares jumped 138.5% to settle at $3.41 on Friday. RISE Education announced expected timing for the completion of the merger with Dada Auto. The Singing Machine Company, Inc. (NASDAQ:MICS) gained 60.4% to settle at $6.72. Cogent Biosciences, Inc. (NASDAQ:COGT) shares surged 58.7% to close at $7.87 on Friday after the company reported initial data from its ongoing Phase 2 APEX clinical trial. Alpha Tau Medical Ltd. (NASDAQ:DRTS) rose 40.2% to settle at $9.66. Alpha Tau Medical recently announced FDA approval of its IDE application to initiate its multi-center pivotal study for the treatment of recurrent cutaneous Squamous Cell Carcinoma usin