Universe Pharmaceuticals to Undertake Significant Share Consolidation

Significant Share Consolidation Announced by Universe Pharmaceuticals
Universe Pharmaceuticals INC (NASDAQ: UPC) has made headlines with its recent announcement regarding a share consolidation. This strategic decision will see the company consolidate every 40 ordinary shares, which have a par value of US$0.28125 each, into a single ordinary share valued at US$11.25. This transformation of share capital is poised to simplify the company's equity structure and enhance shareholder value.
Effective Date for the Share Consolidation
The effective date for this consolidation is set for March 24, 2025. Starting at the opening of trading on this date, the company’s shares will begin trading on a post-consolidation basis on the Nasdaq Capital Market. While the trading symbol will remain "UPC," the shares will adopt a new CUSIP number: G9442G 138. Importantly, no fractional shares will be issued as a result of this consolidation; instead, they will be rounded up to the nearest whole number.
About Universe Pharmaceuticals INC
Headquartered in Ji’an, China, Universe Pharmaceuticals INC focuses on the production and distribution of pharmaceutical products. The company's niche is in traditional Chinese medicine derivatives, primarily targeting the elderly population in order to improve their health and enhance overall well-being. Beyond this core offering, Universe Pharmaceuticals also engages in the distribution of biomedical drugs, medical instruments, Traditional Chinese Medicine Pieces, and dietary supplements sourced from various third-party pharmaceutical manufacturers. Presently, their products enjoy a market presence across 30 provinces in China.
Company's Vision and Future Directions
The vision of Universe Pharmaceuticals is to address the unique health challenges faced by aging populations, offering effective solutions through their sophisticated manufacturing processes and extensive distribution network. As the demand for traditional medicine rises, the company's strategic positioning in this sector could position it well for future growth. By consolidating shares, Universe Pharmaceuticals is not merely adjusting its share structure; it is also signaling a commitment to improve shareholder equity and encourage greater investments.
Contact Information
For further inquiries or more information about Universe Pharmaceuticals, interested parties can reach out to Ms. Lin Yang, the Chief Financial Officer. She can be contacted via email at lin.yang@universe-pharmacy.com.
Frequently Asked Questions
What is the reason for the share consolidation by Universe Pharmaceuticals?
The share consolidation aims to simplify the company's equity structure and potentially increase the perceived value of the shares for investors.
When will the share consolidation take effect?
The share consolidation will take effect on March 24, 2025, marking the start of trading on a post-consolidation basis.
How will fractional shares be handled post-consolidation?
In the event of fractional shares from the consolidation process, these will be rounded up to the nearest whole share, ensuring that all shareholders receive complete shares.
What products does Universe Pharmaceuticals distribute?
Universe Pharmaceuticals specializes in traditional Chinese medicine derivatives, biomedical drugs, medical instruments, and dietary supplements.
How can interested parties learn more about the company?
For more information about Universe Pharmaceuticals INC, interested individuals can visit the company’s official website or reach out directly through the provided contact details.
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