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SXTC - China SXT Pharmaceuticals announces 1:4 reverse share split
China SXT Pharmaceuticals Inc.
China SXT Pharmaceuticals (SXTC) traded 13.7% down premarket after announcing a 1 for 4 reverse split of its ordinary shares, approved on Jan.23 and expected to become effective on Feb.19.China SXT's ordinary shares is expected to begin trading on a split-adjusted basis on Feb.22 market open.The number of ordinary shares into which the company's outstanding stock options and restricted shares as well as the options' relevant exercise price per share will be proportionally adjusted to reflect the reverse split.