China Pediatric Pharmaceuticals, Inc. today announced that effective from December 14, 2009, the Company altered its stock symbol from LHSI to CPDU and finished a 2-for-7 turn around split of its Common Stock.
Effective from October 14, 2009, the business filed a modification to our Articles of Incorporation with the Secretary of State of Nevada to offer for a seven old common shares for two new common shares reverse share split. No fractional shares will be issued in association with the adaptation; instead, China Pediatric Pharmaceuticals will round up the fractional share to the nearest whole number.
“We are very pleased to announce our new stock symbol. We are also delighted to announce the completion of the reverse stock split which represents an important step forward in our near-term goal to position China Pediatric Pharmaceuticals to list our common stock on a senior stock market in the US,” said Mr. Xia, CEO and Chairman of China PediatricPharmaceuticals, Inc
