July 31, 2009 (FinancialWire) — China Valves Technology, Inc. (OTCBB: CVVT) plans to effect a one-for-two reverse stock split. The company said it expects that its common stock will begin trading on a post-split basis on or about August 3.

The reverse stock split affects all issued and outstanding shares of the company’s common stock.

Following the reverse split, the company will receive a new CUSIP number, but will continue to trade under the symbol “CVVT.” The reverse split was approved by the China Valve board on April 24 and approved by the company’s shareholders on June 8.

Kaifeng, China-based China Valves Technology is engaged in development, manufacture and sale of metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries.

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.