Jiuzi Holdings Approves 100-for-1 Share Consolidation

Reuters
Feb 11
Jiuzi Holdings Approves 100-for-1 Share Consolidation

Jiuzi Holdings Inc. has approved a share consolidation, where each 100 ordinary shares of $0.078 par value will be consolidated into one ordinary share of $7.80 par value, subject to Nasdaq approval. The company's authorized share capital was also increased from $9.75 million to $97.5 million. Fractional shares resulting from the consolidation will be rounded up to the next whole share.

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