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MKDWELL Tech Inc. Announces Share Combination on a Thirty-to-one Basis as Part of Strategic Nasdaq Compliance Initiative
Globenewswire· 2026-01-22 16:00
Core Viewpoint - MKDWELL Tech Inc. has announced a thirty-to-one share combination for its ordinary shares and Class A Preferred Shares, effective January 26, 2026, as part of a strategic plan to regain compliance with Nasdaq's listing requirements and strengthen its long-term capital structure [1][5]. Share Combination Details - The share combination will reduce the number of issued ordinary shares from 141,039,933 to approximately 4,701,332, and the number of ordinary shares outstanding will decrease from 106,459,933 to approximately 3,548,665 [3]. - The ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol "MKDW" on a split-adjusted basis starting January 26, 2026, with a new CUSIP number G6209W124 [2][3]. Adjustments Related to the Share Combination - Proportionate adjustments will be made to the number of ordinary shares issuable upon exercise of outstanding warrants, the conversion price of convertible promissory notes, and the number of ordinary shares issuable upon conversion of rights, all based on the thirty-to-one ratio [4]. Company Overview - MKDWELL Tech Inc. is an automotive electronics manufacturer, providing products such as intelligent camper van control systems, LiDAR sensors, and vehicle seat control systems, with operations based in Taiwan and China [6].
WANG & LEE GROUP, INC. Announces Share Combination
Globenewswire· 2025-08-21 14:48
Core Viewpoint - WANG & LEE GROUP, Inc. has announced a 250-to-one share combination to increase its market price per share and maintain its Nasdaq listing, effective September 2, 2025 [1][2]. Group 1: Share Combination Details - The share combination will automatically convert every 250 pre-combination ordinary shares into one ordinary share, reducing the total shares from 174,679,566 to approximately 698,719 [2]. - The ordinary shares will continue trading on the Nasdaq under the symbol "WLGS" with a new CUSIP number G9T22C118 [2]. - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional whole share to avoid fractional shares in issue [3]. Group 2: Corporate Governance - The share combination does not require a vote from shareholders as per the laws of the British Virgin Islands [4]. - Transhare Corporation will act as the exchange agent for the share combination process [4]. Group 3: Company Overview - WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage electrical systems, mechanical ventilation, air-conditioning, fire service systems, and water supply and sewage disposal systems [5]. - The company provides design and contracting services across all trades in the construction industry, serving clients from small startups to large corporations [5].
China Natural Resources Announces Effective Date of Share Combination
Prnewswire· 2025-06-10 20:10
Core Viewpoint - China Natural Resources, Inc. will implement a share combination, converting every eight common shares into one, effective June 13, 2025 [1][2]. Group 1: Share Combination Details - The share combination will not issue fractional shares; any resulting fractions will be rounded up to the next whole share [2]. - All shareholders will be affected uniformly, and their percentage interest in the Company's outstanding common shares will remain unchanged, except for adjustments due to fractional shares [2]. - Outstanding options, warrants, and other rights to purchase common shares will be adjusted proportionately as a result of the share combination [2]. Group 2: Trading Information - Post-combination, the common shares will continue to trade under the symbol "CHNR" but will have a new CUSIP number, G2110U125 [3]. Group 3: Company Overview - China Natural Resources, Inc. operates in the exploration and mining business, focusing on acquiring and exploiting mining rights in Inner Mongolia, particularly for lead, silver, and other nonferrous metals [4]. - The Company is in the process of acquiring Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion [4]. - The acquisition involves parties including the Company's controlling shareholder, Feishang Group Limited, and a non-affiliate, Top Pacific (China) Limited [4].