WF Holding announces one-for-five reverse share split

WF Holding (WFF) announced that the shareholders and the board of directors of the company approved a one-for-five reverse share split of the company’s issued and unissued ordinary shares. Beginning April 13, the company’s ordinary shares will be trading on a split-adjusted basis. As a result of the reverse share split, each five ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of shareholders. No fractional shares will be issued as a result of the reverse share split, and instead, all such fractional shares resulting from the reverse share split will be rounded up to the nearest whole share.