Universe Pharmaceuticals (UPC) announced that the Company plans to effect a share consolidation of 15 ordinary shares with par value of US$0.01875 per share each in the Company’s issued and unissued share capital into one ordinary share with par value of US$0.28125. As a result of the Share Consolidation, each 15 pre-consolidation ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPC:
- Universe Pharmaceuticals Faces Nasdaq Compliance Challenge
- Universe Pharmaceuticals receives Nasdaq notification over bid price deficiency
- Universe Pharmaceuticals Confirms Financial Filing Accuracy
- Universe Pharmaceuticals Secures Strong Shareholder Backing
- Universe Pharmaceuticals Reports Financial Downturn