Singapore, 15 June 2018 - Noble Vici Group Inc. (OTC: NVGI), a company that is focused on harnessing the opportunities in the digital revolution of IoT, Big Data, Blockchain and E-commerce, today announced that it has received from FINRA (Financial Industry Regulatory Authority) its confirmation to process its application for Reverse Stock Split application. This corporate action will be effective from June 15, 2018.
Commenting on this, CEO of Noble Vici Group Sir Eldee Tang, said, “With this corporate action, our capital structure will be effectively realigned and will facilitate our ability to fund acquisitions and our expansion plans. We are looking forward to an exciting year at the company.”
On Stock Splits
The effect of the Reverse Stock Split upon the market price of our common stock cannot be predicted, and the history of reverse stock splits for companies in similar circumstances includes cases where stock performance has and has not improved.
There can be no assurance that the trading price of our common stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of our common stock outstanding as a result of the Reverse Stock Split or remain at an increased level for any period.
The trading price of the common stock may change due to a variety of other factors, including our operating results, other factors related to our business and general market conditions.
About Noble Vici Group (OTC: NVGI)
Noble Vici Group, Inc. is a company on the cutting edge of technology, through in-house developments and external acquisitions the company is building an ecosystem of IoT, Big Data, Blockchain and E-commerce to form a digital revolution that provides our users with the tools to live and interact in the modern mobile world.
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Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our reports.