July 13, 2009 (FinancialWire) — China Digital Communication Group (OTCBB: CHID) said it will effect a 10-for-one reverse stock split on July 13. The company’s trading symbol will change to (OTCBB: CMTP).

According to China Digital, the reverse split was described in the company’s filings with the SEC and was approved by its board and shareholders of around 50.39% of China Digital capital stock on April 30.

Under the split, every ten shares of China Digital Communication Group common stock will be automatically converted into one share.

Shenzhen, China-based China Digital Communication Group is a manufacturer and developer of telecommunications equipment. The company plans to continue expanding across East Asia, while seeking distribution partners and acquisitions in new global markets, including the U.S.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.