China Jo-Jo Drugstore announces 1-for-20 reverse stock split

China Jo-Jo Drugstores reported that it expects to implement a 1-for-20 reverse stock split on its ordinary shares effective Friday, March 1, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the Ordinary Shares will continue on the Nasdaq Capital Market under the symbol “CJJD“. The new CUSIP number for the Ordinary Shares following the reverse stock split is G2124G 120.