Motorola proposes reverse division of company stock

Beijing time September 24 Evening News, according to foreign media reports, Motorola Friday proposed a reverse stock division plan, the special shareholder meeting on November 29 will be able to obtain shareholder approval.　　According to Motorola's proposed reverse stock segmentation scheme, the split ratio between 1:3 and 1:7 would reduce the nominal number of shares in Motorola's common stock. Motorola said the reverse stock split plan was proposed because the company expected that the FX price of Motorola, after the break-up, would not reflect its true value.　　Motorola will split into two new companies in the first quarter of 2011, named Motorola Adroit and Motorola FX. Matthew Thornton, an investment firm Avian Nomura analyst Mashu Santon, said the plan would not lead to a radical change for Motorola. "Trying to raise stock prices is feasible and will solve the problem that investors are too broad," Thornton said. Motorola said it would hold a special shareholder meeting November 29 to vote on the proposal. Registered shareholders as at October 8, 2010 have the right to vote. (Li Ming)