By Sabela Ojea
JE Cleantech declared a one-for-three reverse stock split to regain compliance with Nasdaq’s Marketplace listing rules.
The manufacturer of precision cleaning systems on Friday said the reverse stock split is expected to be effective on Oct. 16 under the existing ticker symbol JCSE.
The company’s shareholders had already approved the reverse stock split and granted the board of directors the authority to decide the terms.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix
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