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News Breaks
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January 12, 2012
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| 08:17 EDT |  | WH |
| theflyonthewall.com: | WSP Holdings announces plan to effectuate ADS ratio change | | WSP Holdings announced that the company is working with its ADS depositary, JPMorgan Chase Bank, N.A., to effectuate a change in the ratio of its American Depositary Shares, or ADSs, to ordinary shares from 1:2 to 1:10. The plan to effectuate the ratio change was approved by the board of directors of the company. The company anticipates the ratio change to bring its average ADS price above $1.00 per share in compliance with the NYSE continued listing standard relating to minimum average share price. The company will update the investors immediately when the effective date of the ratio change is determined in due course. :theflyonthewall.com |
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