Mercurity Fintech Holding Inc. Board Approves Proposals, Including Share Consolidation and ADR Ratio Change
Mercurity Fintech Holding Inc. - American Ordinary Shares (MFH)
Company Research
Source: GlobeNewswire
New York, NY, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors (the “Board”) has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement. The Share Consolidation and Change of the ADR ratio The Board approved the proposal on the share consolidation to the authorized share capital (the “Share Consolidation”) at a ratio of four hundred (400)-for-one (1) with the par value of each ordinary share changed to US$0.004 per ordinary share. Following the Share Consolidation, the authorized share capital of the Company will be US$250,000 divided into 62,500,000 ordinary shares with a par value of US$0.004 each (the "Ordinar
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Sec Filings
- 4/23/24 - Form 20-F
- 3/20/24 - Form F-1/A
- 2/7/24 - Form 144
- MFH's page on the SEC website