BEIJING, China, Dec. 09, 2022 (GLOBE NEWSWIRE) — Puhui Wealth Investment Management Co., Ltd. (Nasdaq: PHCF) (“Puhui” or the “Company”), a China-based third-party wealth management service provider with a focus on wealth management services for high net worth (“HNW”) individuals and corporate clients, today announced the effective date of a share consolidation of the Company (the “Share Consolidation”), where every six (6) issued and unissued existing ordinary shares of US$0.001 par value each will be consolidated into one ordinary share of a par value of US$0.006 each and every six (6) issued and unissued preferred shares of US$0.001 par value each will be consolidated into one preferred share of a par value of US$0.006 each. All fractional shares will be rounded up to the next whole number.
The Share Consolidation will become effective on December 13, 2022 and will be reflected with The Nasdaq Stock Market LLC (“Nasdaq”) and in the marketplace at the open of business on December 14, 2022, whereupon the ordinary shares begin trading on a share consolidation-adjusted basis. In connection with the Share Consolidation, the Company’s ordinary shares continue to trade on Nasdaq Capital Market under the symbol “PHCF” but trade under a new CUSIP Number, G7306H 119.
www.puhuiwealth.com source: globenewswire.com