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Security Profile
- Security Type
- Common Stock
- CUSIP
- G7415M124 (prev. G7415M108 )
- Market Cap
- Micro Cap
- IPO
- 6/23/2010 · $6.00/share
Business: Recon Technology, Ltd. is a leading developer and marketer of automated oilfield services and products that enhance the extraction of petroleum in China. RCON markets these services and products to leading Chinese oil and gas companies, helping them increase efficiency and profitability in exploring, extracting, producing, processing, refining and transporting petroleum products from the nation’s largest producing oil fields.
Notes: Dec. 26, 2019 -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today that the Company’s Board approved on December 10, 2019 to effect a reverse stock split of the Company's ordinary shares at the ratio of one-for-five with the market effective date of December 27, 2019. The reverse stock split will reduce the number of ordinary shares issued and outstanding from approximately 23,049,639 to approximately 4,609,928 (subject to adjustment due to the effect of rounding fractional shares into whole shares). The authorized number of ordinary shares will be reduced by the same one-for-five ratio to 20,000,000. Beginning with the opening of trading on December 27, 2019, the Company’s ordinary shares will trade on the NASDAQ Capital Market on a split-adjusted basis, under the same symbol "RCON" but under a new CUSIP Number, G7415M124.
Company Contact
- CEO
- Shenping Yin
- CFO
-
Jia Liu
- Investor Relations
- Adam Prior · 212-836-9606 · aprior@equityny.com