Courtesy of Benzinga.
Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that although the continuously poor market price of the company’s shares is not reflective of the true value contained in the company’s business units, to address this issue, the company has recently engaged legal advisors to prepare a reverse stock split plan to be approved by the board of directors. The details of the plan will be announced after consultation with financial and legal advisors.
The company believes this is the best long-term interest of the company and its shareholders.
