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Stock impact report

J-Long Group Limited Announces A Delay In the Record Date And Effective Time for the Share Consolidation/Reverse Stock Split Previously Announced

J-Long Group Limited (JL) 
Company Research Source: GlobeNewswire
Hong Kong, Dec. 02, 2024 (GLOBE NEWSWIRE) -- J-Long Group Limited (Nasdaq: JL), a Hong Kong based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced today that it is delaying the record date and effective time for the proposed share consolidation ("Reverse Stock Split") of its Ordinary Shares at a ratio of 1-for-10, until it receives approval to proceed from the Nasdaq Stock Market. The Company's Ordinary Shares, both before and after the Reverse Stock Split, will continue to trade under the existing ticker symbol "JL." The Company's members (Stockholders) previously approved the reverse stock split and granted the Company's board of directors the authority to determine the final reverse stock split ratio and when to proceed with the reverse stock split at a Special Meeting of Stockholders held on November 18, 2024. The Show less Read more
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