Euro Tech Holdings Company Limited Announces 2-for-11 Reverse Stock Split
Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its Board of Directors has approved a two (2) for eleven (11) reverse stock split ("Reverse Split") of the Company's ordinary shares ("Ordinary Shares"). The Reverse Split will be effective at 5:00 P.M., New York time, on January 13, 2012. Immediately upon the Reverse Split becoming effective, every eleven (11) Ordinary Shares outstanding prior to the Reverse Split ("Old Shares") will be converted to two (2) Ordinary Shares ("New Shares"). Any owner of less than a single full share of the New Shares will receive cash in lieu of the fractional shares.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.