China Cablecom To Reverse Split 1-For3
February 22, 2010 (FinancialWire) — China Cablecom Holdings, Ltd. (NASDAQ: CABL) (NASDAQ: CABLW) (NASDAQ: CABLU), a joint-venture provider of cable television services in the People’s Republic of China, said that its board of directors have approved a one-for-three reverse share split of the firm’s ordinary shares, effective on March 1, 2010 at the close of the business day.
As a result of the reverse share split, every three shares of issued and outstanding China Cablecom ordinary shares will be automatically combined into one issued and outstanding ordinary share.
China Cablecom ordinary shares will start trading on a reverse share split-adjusted basis on or about market open on March 1, 2010, under the new CUSIP number G21176303.
China-based China Cablecom is a joint-venture provider of cable television services in the People’s Republic of China, operating in partnership with a local state-owned enterprise authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services.
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