China Liberal Education (CLEU) Reverse Split and CUSIP Update
There is some important news regarding China Liberal Education Holdings Limited (CLEU). In an Equity Corporate Actions Alert, Nasdaq announces that CLEU will be undergoing a reverse stock split, par value change, and CUSIP number change. This means that the company will be implementing a one-for-fifteen reverse split of its Ordinary Shares, while changing the par value from 0.001 to 0.015. These changes will take effect on Friday, January 19, 2024. Furthermore, the CUSIP number will be changed to G2161Y117. Market makers who are interested in registering in CLEU should contact Nasdaq Trading Operations. Stay updated with Nasdaq for more information and follow them on Facebook, RSS, and Twitter. Nasdaq is a leading global provider of trading and exchange technology, offering solutions that empower customers to navigate the global capital markets with confidence.
Equity Corporate Actions Alert #2024 – 21 Information Regarding the Reverse Stock Split, Par Value, and CUSIP Number Change for China Liberal Education Holdings Limited (CLEU)
Category: Industry Announcement
Markets Impacted: The Nasdaq Stock Market
Contact Information: Nasdaq Corporate Data Operations at +1 877 308 0523
Nasdaq Trading Services at +1 212 231 5100
Are you a shareholder of China Liberal Education Holdings Limited (CLEU)? If so, there are some important updates you need to be aware of regarding the reverse stock split, par value change, and CUSIP number change. In this article, we will provide you with all the details and information you need to understand these corporate actions and their impact on your investment.
Reverse Stock Split
Details of the Reverse Stock Split
China Liberal Education Holdings Limited (CLEU) will be implementing a one-for-fifteen (1-15) reverse stock split of its Ordinary Shares. This means that for every 15 shares you currently hold, they will be consolidated into one share. This is a common corporate action that companies undertake to reduce the number of outstanding shares and potentially increase the stock price.
Effective Date of the Reverse Stock Split
The reverse stock split and par value change for CLEU will become effective on Friday, January 19, 2024. It’s important to note this date and make any necessary adjustments to your investment strategy or portfolio.
Par Value Change
Details of the Par Value Change
In addition to the reverse stock split, there will also be a change in the par value for CLEU. The par value, which is currently set at 0.001, will be changed to 0.015. Par value is the nominal value of a share of stock, and this change reflects the new valuation of the consolidated shares after the reverse stock split.
Effective Date of the Par Value Change
The new par value of 0.015 will also become effective on Friday, January 19, 2024. It’s important to take note of this change and factor it into your calculations when analyzing the value of your investment.
CUSIP Number Change
Details of the CUSIP Number Change
Along with the reverse stock split and par value change, there will also be a change in the CUSIP number for CLEU. CUSIP stands for Committee on Uniform Security Identification Procedures, and it is a unique identifier assigned to each security for efficient trading and record-keeping purposes. The current CUSIP number for CLEU will be replaced with the new CUSIP number: G2161Y117.
New CUSIP Number
The new CUSIP number for CLEU, G2161Y117, will be effective as of the same date as the reverse stock split and par value change, Friday, January 19, 2024. It is important to update your records and take note of this change to ensure accurate identification of your shares.
Market Maker Registration
Process for Registering as a Market Maker in CLEU
If you are interested in registering as a market maker in CLEU, Nasdaq Trading Operations can assist you with the registration process. You can contact them at +1 212 231 5100 for more information and guidance on how to proceed.
Contact Information for Nasdaq Trading Operations
For any inquiries or assistance regarding market maker registration in CLEU or any other related matters, please reach out to the Nasdaq Trading Operations team at +1 212 231 5100. They will be able to provide you with the necessary information and support.
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In conclusion, if you are a shareholder of China Liberal Education Holdings Limited (CLEU), it is important to be aware of the upcoming reverse stock split, par value change, and CUSIP number change. These corporate actions have specific effective dates and may have an impact on the value and identification of your shares. Additionally, Nasdaq offers a range of services and solutions for investors, traders, and listed companies, and their website provides valuable information for those interested in learning more. Stay informed and make informed decisions to maximize the potential of your investment.