Kun Peng International Ltd. Announces 1-for-10 Reverse Stock Split
BEIJING, CHINA, May 29, 2026 (GLOBE NEWSWIRE) -- Kun Peng International Ltd. (OTCQB: KPEA) (the “Company”) announced today that a 1-for-ten (1:10) reverse split of its $0.0001 par value common stock (the “Reverse Stock Split”), which was approved by its Board of Directors and its shareholders on January 20, 2026, will be effective in the marketplace as of June 2, 2026. The Reverse Stock Split will decrease the Company’s issued and outstanding shares of common stock from 400,000,000 shares to a
BEIJING, CHINA, May 29, 2026 (GLOBE NEWSWIRE) -- Kun Peng International Ltd. (OTCQB: KPEA) (the “Company”) announced today that a 1-for-ten (1:10) reverse split of its $0.0001 par value common stock (the “Reverse Stock Split”), which was approved by its Board of Directors and its shareholders on January 20, 2026, will be effective in the marketplace as of June 2, 2026. The Reverse Stock Split will decrease the Company’s issued and outstanding shares of common stock from 400,000,000 shares to approximately 40,000,000 shares. The Board of Directors and shareholders also approved an amendment to the Company’s Articles of Incorporation to decrease the total authorized shares of the Company’s common stock from 1,000,000,000 to 100,000,000 shares and to increase the par value of the common stock from $0.0001 to $0.001.
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