China Digital Communication Group Announces 10-for-1 Reverse Stock Split and Ticker Change to CMTP
Posted on: Friday, 10 July 2009, 15:45 CDT
In connection with the stock split, China Digital Communication Group's
trading symbol as quoted on the OTC Bulletin Board will be changed from (OTCBB:
CHID) to (OTCBB: CMTP). The reverse stock split was previously announced by
China Digital Communication Group in its filings with the SEC and was approved
by its Board of Directors and a majority shareholder of approximately 50.39%
of capital stock on
Every ten shares of China Digital Communication Group common stock will be automatically converted into one share. In connection with the reverse split, the China Digital Communication Group common stock will trade under the new CUSIP No. 169381209.
Fractional shares of stock will not be issued as a result of the reverse
split. Stockholders who would otherwise receive a fractional share of China
Digital Communication Group common stock will be entitled to receive an
equivalent amount of cash in lieu of fractional shares, based on the average
daily closing price per share of the common stock on the OTC Bulletin Board
for the 10 consecutive trading days ending on
About China Digital Communication Group
China Digital Communication Group, through its wholly owned subsidiary,
Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of
Forward-looking statement: Except for the historical information, the
matters discussed in this news release may contain forward-looking statements,
including, but not limited to, factors relating to future sales. These
forward-looking statements may involve a number of risks and uncertainties.
Actual results may differ materially based on a number of factors, including,
but not limited to, uncertainties in product demand, risks related to doing
business in
SOURCE China Digital Communication Group
Source: PR Newswire
Related Articles
- Sonic Foundry Board Approves One-for-Ten Reverse Stock Split
- Celsia Technologies, Inc. Announces Reverse Stock Split to Be Effective January 14, 2009
- North American Scientific Effects Reverse Stock Split of Its Common Stock
- XTO Energy Announces Five-for-Four Stock Split With Dividend Increase
- Caddo International, Inc. Announces New Stock Symbol and Reverse Stock Split, Effective at Market Open October 17, 2007
- Strata Oil &Amp; Gas Inc. Announces 2-for-1 Forward Stock Split
- The Immune Response Corporation Announces That Previously Approved One-for-100 Reverse Stock Split Will Take Effect on December 20, 2006
- Targeted Genetics' Shareholders Authorize Reverse Stock Split; Board of Directors Set One-for-Ten Split Ratio
- Valero Plans Two-For-One Stock Split and Dividend Increase
- Blue Moon Group 3-1 Forward Stock Split Takes Effect Dec. 16
 |
 |
User Comments (0)
RSS Feeds