CNET - ZW Data Action Technologies to effect 1-for-5 reverse stock split

• ZW Data Action Technologies ( NASDAQ: CNET ) said its board has approved a 1-for-5 reverse stock split, effective Jan. 18.
• The company will begin trading on a split-adjusted basis at market open on Jan. 20, upon Nasdaq's approval.
• The new CUSIP number following the reverse stock split will be 98880R 208.
• The reverse stock, par value $0.001 per share, is expected to decrease the company's shares to 20M from 100M.
• The event is intended to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement.
• Source: Press Release

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