Shares will return to more than 1 dollars

The company's board has approved a 1:4 reverse-share plan, according to a source called the Nasdaq:caei. That means the shares will return to more than 1 dollars and avoid the risk of picking up the cards before the December 28 deadline arrives. Reporters from the network insiders learned that the reverse unit will be in the United States Eastern Time 12:01 noon December 21 effective; After the reverse split, the company's common stock circulation will be from about 80.2 million shares into about 20 million shares. Dahua construction is so concerned because of Tang June (Weibo) to join. August 24 this year, the Joint tour network through the reverse takeover approach, backdoor construction landed on the Nasdaq market. At the same time Dahua construction announced that the company's board of Directors has appointed Tang June as chairman, the appointment will take effect after the completion of the acquisition. However, Dahua construction on July 1 this year by the Nasdaq warning, if the 180 days from July 1, 2010 to December 28, 2010, the company's common stock price will not be higher than 1 U.S. dollars in a row of 10 consecutive trading day, would be out of the market.