Business
Mingteng International Announces 1-for-200 Reverse Stock Split Effective January 26, 2026
WUXI, China, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced that it will effect a reverse stock split of its ordinary shares on a 1-for-200 basis (the “Reverse Stock Split”). The Company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on January 26, 2026. The Company’s Class A ordinary shares will conti
About this update from Mingteng International Corporation Inc.
[{"type":"image","alt":"Mingteng International Corporation Inc.","displaySize":"","headline":null,"caption":"Mingteng International Corporation Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":216,"url":"https://media.zenfs.com/en/globenewswire.com/81dfd4dd25ea0e283fa92e9e3f642f25"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gTJzeq2PCdkAPH0DA6lvYQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/81dfd4dd25ea0e283fa92e9e3f642f25","width":300,"height":216}},"lazy":false},{"type":"text","content":"WUXI, China, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced that it will effect a reverse stock split of its ordinary shares on a 1-for-200 basis (the “Reverse Stock Split”). The Company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on January 26, 2026. The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “MTEN,” with a new CUSIP number G6S85D117.","length":601,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split has been approved by the Company’s shareholders and the Company’s board of directors. Any fractional shares that would have otherwise resulted from the Reverse Stock Split will be rounded up to the next whole number and no fractional shares will be issued. The Reverse Stock Split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding ordinary shares, except for adjustments that may result from the rounding up of fractional shares.","length":524,"tagName":"p"},{"type":"text","content":"Upon the effectiveness of the Reverse Stock Split, every two hundred (200) shares of the Company’s issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one (1) Class A ordinary share, and every two hundred (200) shares of the Company’s issued and outstanding Class B ordinary shares as of the effective date will automatically be combined into one (1) Class B ordinary share. Such adjustments will reduce the total number of outstanding Class A ordinary shares of the Company from approximately 242,334,931 t...