Share Combination
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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].