Fitell (FTEL) announced that it will effect a share consolidation of its outstanding Class A ordinary shares, par value of $0.0016 per share, at a ratio of 1-for-8, with a post-share consolidation par value of $0.0128, and its outstanding Class B ordinary shares, par value of $0.0016, at a ratio of 1-for-2, with a post-share consolidation par value of $0.0032, effective on January 8. The company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on January 8.
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