CIT Announces Reorganization as BVI Company
CIT, 11/01/12
Chinese information security and geographic data solutions provider China Information Technology (Nasdaq: CNIT) today announced that the merger to reorganize the company as a British Virgin Islands company has been completed.
Pursuant to the reorganization merger, each outstanding share of the common stock of the company was converted into the right to receive one ordinary share of China Information Technology, Inc., a British Virgin Islands company (CNIT BVI). The ordinary shares of CNIT BVI are listed on the Nasdaq Global Select Market under the trading symbol "CNIT," the same symbol under which the common stock of the company were listed.
Editor's Note: For more background on this topic, please see "CIT Receives Nasdaq Noncompliance Notice" MD 12/27/11 issue.
Keywords: information security software China Information Technology CNIT corporate restructuring M&A
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