Add as a preferred source on GoogleWF Holding Sets 1-for-25 Share Consolidation for Oct. 30
The company expects ordinary shares outstanding to fall from 145,957,934 to about 5,838,318, while its 3,440,664 Class A shares remain unchanged.
WF Holding Limited plans a 1-for-25 consolidation of its Nasdaq-listed ordinary shares on Friday, Oct. 30, a change expected to cut the share count to about 5.84 million.
The consolidation will combine each 25 ordinary shares into one. Fractional entitlements will be rounded up to a whole share. The company expects its ordinary shares outstanding to fall from 145,957,934 to approximately 5,838,318.
WF Holding’s 3,440,664 Class A ordinary shares will not be affected. Existing options, warrants and other rights to buy ordinary shares will receive proportional adjustments.
The consolidated shares are expected to trade on Nasdaq under the existing WFF ticker and CUSIP G9627R123 at market open Oct. 30. The ordinary shares’ par value will change to $0.00625 from $0.00025; the Class A shares’ par value will remain $0.00025.
Based in Malaysia, WF Holding manufactures fiberglass-reinforced plastic products, including tanks, pipes and ducts.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.