Core Viewpoint - China Liberal Education Holdings Limited plans to consolidate its shares at a ratio of 15 ordinary shares with a par value of $0.001 each into 1 ordinary share with a par value of $0.015, effective January 19, 2024 [1][2]. Group 1: Share Consolidation Details - The Share Consolidation will be effective on January 19, 2024, and the ordinary shares will trade under the same symbol "CLEU" but with a new CUSIP number of G2161Y117 [2]. - No fractional shares will be issued; all fractional shares will be rounded up to the nearest whole number [2]. - Following the consolidation, the authorized share capital will be $7,500,000, divided into 500,000,000 ordinary shares with a par value of $0.015 each [2]. Group 2: Company Overview - China Liberal is an educational services provider based in Beijing, operating two colleges: Fuzhou Melbourne Polytechnic and Strait College of Mingjiang University [3]. - The company offers a variety of services, including overseas study consulting and technological consulting aimed at enhancing campus information and data management systems [3]. - China Liberal also provides tailored job readiness training for graduating students, contributing to the establishment of a "smart campus" environment [3].
China Liberal Education Holdings Limited Announces Share Consolidation