New Century Logistics (BVI) Limited Announces 1-for-8 Reverse Stock Split
New Century Logistics (NASDAQ:NCEW) announced a 1-for-8 reverse stock split of its common stock, effective Friday, November 14, 2025, subject to Nasdaq Operations notice requirements. Trading will resume on a split-adjusted basis at market open on that date under the symbol NCEW. The new CUSIP will be G64627113. The Board approved the reverse split on October 3, 2025. Every 8 issued and outstanding shares will be converted into one share; no fractional shares will be issued and fractional interests will be rounded up to the next whole share. The company filed amended articles to reduce authorized shares from 100,000,000 to 12,500,000 at the same 1-for-8 ratio.
New Century Logistics (NASDAQ:NCEW) ha annunciato una scissione azionaria inversa 1-per-8 delle sue azioni ordinarie, effettiva venerdì 14 novembre 2025, soggetta ai requisiti di notifica delle Nasdaq Operations. Le contrattazioni riprenderanno su base rettificata per la scissione all’apertura del mercato in tale data con il simbolo NCEW. Il nuovo CUSIP sarà G64627113. Il Consiglio ha approvato la scissione inversa il 3 ottobre 2025. Ogni 8 azioni emesse e in circolazione sarà convertita in una sola azione; non saranno emesse azioni frazionarie e gli interessi frazionari verranno arrotondati al valore intero successivo. L’azienda ha presentato statuti modificati per ridurre le azioni autorizzate da 100,000,000 a 12,500,000 allo stesso rapporto 1-for-8.
New Century Logistics (NASDAQ:NCEW) anunció una división inversa de acciones 1 por 8 de sus acciones ordinarias, que entrará en vigor el viernes 14 de noviembre de 2025, sujeto a los requisitos de notificación de Nasdaq Operations. Las operaciones se reanudarán en una base ajustada por la split a la apertura del mercado ese día bajo el símbolo NCEW. El nuevo CUSIP será G64627113. La Junta aprobó la split inversa el 3 de octubre de 2025. Cada 8 acciones emitidas y en circulación se convertirán en una sola acción; no se emitirán acciones fraccionarias y las participaciones fraccionarias se redondearán a la siguiente acción completa. La empresa presentó artículos modificados para reducir las acciones autorizadas de 100,000,000 a 12,500,000 en la misma proporción 1-for-8.
New Century Logistics (NASDAQ:NCEW)가 보통주에 대한 1대 8의 역분할을 발표했으며, 2025년 11월 14일 금요일에 발효되며 Nasdaq Operations의 공지 요건에 따라 적용됩니다. 거래는 해당 날짜의 시가 개장 시점에 분할-adjusted로 NCEW 기호로 재개될 것입니다. 새로운 CUSIP은 G64627113입니다. 이사회는 2025년 10월 3일 역분할을 승인했습니다. 발행 및 유통 중인 8주당 1주로 전환되며, 소수 주식은 발행되지 않고 소수 주식 지분은 다음 정수 주로 반올림됩니다. 회사는 같은 1대8 비율로 승인 주식 수를 100,000,000에서 12,500,000으로 감소시키는 수정된 정관을 제출했습니다.
New Century Logistics (NASDAQ:NCEW) a annoncé une réduction inverse déclarée 1 pour 8 de ses actions ordinaires, effective le vendredi 14 novembre 2025, sous réserve des exigences de notification de Nasdaq Operations. Les transactions reprendront sur une base ajustée pour la scission à l’ouverture du marché à cette date sous le symbole NCEW. Le nouveau CUSIP sera G64627113. Le conseil délibère la scission inverse le 3 octobre 2025. Chaque 8 actions placées et en circulation seront converties en une action; aucune action fractionnaire ne sera émise et les décimales seront arrondies à la prochaine action entière. La société a déposé des actes modifiés pour réduire les actions autorisées de 100,000,000 à 12,500,000 au même ratio 1-for-8.
New Century Logistics (NASDAQ:NCEW) gab bekannt eine umgekehrte Aktienteilung 1-für-8 ihrer Stammaktien, die ab Freitag, dem 14. November 2025, wirksam wird und unter Vorbehalt der Nasdaq Operations-Benachrichtigungsanforderungen steht. Der Handel wird am Marktöffnungstag unter dem Symbol NCEW in einer aufgeteilten Basis wieder aufgenommen. Die neue CUSIP wird G64627113 sein. Der Vorstand hat die umgekehrte Teilung am 3. Oktober 2025 genehmigt. Aus 8 ausgegebenen und umlaufenden Aktien wird eine Aktie; es werden keine Bruchteile ausgegeben und bruchteilige Anteile werden auf die nächste ganze Aktie aufgerundet. Das Unternehmen hat geänderte Satzungspapiere eingereicht, um die genehmigten Aktien von 100,000,000 auf 12,500,000 im gleichen 1-for-8-Verhältnis zu reduzieren.
New Century Logistics (NASDAQ:NCEW) أعلن عن ت splita عكسية للأسهم 1 مقابل 8 لأسهمه الممتازة، سارية المفعول يوم الجمعة، 14 نوفمبر 2025، رهنا بمتطلبات إشعار عمليات ناسداك. ستستأنف التداول عند الافتتاح السوقي في التاريخ نفسه وفقاً للنسبة المعدلة بالانقسام تحت الرمز NCEW. ستكون الـ CUSIP الجديدة G64627113. وافق المجلس على الانقسام العكسي في 3 أكتوبر 2025. سيتم تحويل كل 8 أسهم مُصدرة ونافذة إلى سهم واحد؛ لن تُصدر أسهم كسريّة وسيتم تقريب الحصص الكسريّة إلى أقرب سهم صحيح. قدمت الشركة مواد معدلة لتخفيض الأسهم المصرح بها من 100,000,000 إلى 12,500,000 بالنِّسبة نفسها 1-for-8.
- 1-for-8 reverse split effective Nov 14, 2025 (subject to Nasdaq)
- Trading to continue on Nasdaq under symbol NCEW
- Fractional shares will be rounded up to whole shares
- Authorized shares reduced to 12,500,000, matching the split ratio
- Issued and outstanding shares will be consolidated 8-fold on effectiveness
- Authorized share count cut from 100,000,000 to 12,500,000
Hong Kong, China, Nov. 07, 2025 (GLOBE NEWSWIRE) -- New Century Logistics (BVI) Limited (hereinafter referred to as “New Century” or the “Company”), a company listed on the NASDAQ, reported that it expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be Friday, November 14, 2025, subject to the Company’s satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “NCEW”. The new CUSIP number for the common stock following the reverse stock split will be G64627113. In the event that the effective date is delayed the Company will update the effective date via a subsequent press release.
The reverse stock split at a ratio of 1-for-8 shares was approved by the Company’s Board of Directors.
Upon the effectiveness of the reverse stock split, every 8 shares of the Company’s issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
In connection with the reverse stock split, the Company has filed an Amended and Restated Articles of Association with the Financial Services Commission of the British Virgin Islands to reduce the authorized number of shares of the Company’s common stock from 100,000,000 shares to 12,500,000 shares, the reduction at the same ratio as its reduction in the issued and outstanding shares of common stock, with no par value, and there will be no change to the par value per share. The Board of Directors of the Company approved the reverse stock split on October 3, 2025. No stockholders’ approval of the reverse stock split is required pursuant to BVI law.
About New Century Logistics (BVI) Limited
New Century is an international freight forwarding company and logistics service provider. Its customers include direct shippers and other freight forwarders. New Century assists its clients in both importing and exporting of goods which principally involves the arrangement of shipment upon receipt of booking instructions from our customers, including sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance and cargo handling at ports. New Century's freight forwarding services principally generate revenues from air freight export shipments to regions such as North America, Europe and Asia.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements". You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of New Century. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. A more complete discussion of the risks and uncertainties facing the Company appears in the registration statement and in the Company's Annual Information Form and other continuous disclosure filings, which are available on EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in New Century Logistics' prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.
Contact:
ir@nclogistics.com.hk
New Century Logistics (BVI) Ltd
A-E 33/F King Palace Plaza
55 King Yip Street
Kwun Tong Hong Kong
www.nclogistics.com.hk
FAQ
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