AGAPE ATP Corporation Announces 1-for-20 Reverse Stock Split Effective August 30
August 28 2024 - 9:45AM
AGAPE ATP Corporation (NASDAQ: ATPC) (“Agape” or “the Company”,)
today announced the filing of a Certificate of Change with the
Secretary of State of Nevada, effective on August 30, 2024, for a
1-for-20 reverse stock split of its shares of common stock, as
disclosed in its filings with the Securities and Exchange
Commission. The Company’s common stock will begin trading on a
split-adjusted basis when the market opens on August 30, 2024. The
number of authorized shares of Agape common stock is reduced from
1,000,000,000 to 50,000,000.
The Company’s shares of common stock will
continue to trade on the NASDAQ under the symbol “ATPC” but will
trade under a new CUSIP number. The reverse stock split is intended
to increase the market price per share of the Company’s common
stock in order to comply with NASDAQ’s continued listing standards
relating to minimum price per share.
Agape ATP Corporation (ATPC) is dedicated to
enhancing the quality of life and promoting sustainable
development. With a strong foundation built on two core business
pillars, ATPC specialises in the provision of health and wellness
products that caters to the diverse needs of its customers,
ensuring their well-being and vitality. Additionally, APTC delivers
comprehensive energy-saving solutions that empower companies to
drive sustainability initiatives, reduce energy consumption, and
achieve their sustainability goals.
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About AGAPE ATP Corporation
Agape ATP Corporation (ATPC) is dedicated to
enhancing the quality of life and promoting sustainable
development. With a strong foundation built on two core business
pillars, ATPC specialises in the provision of health and wellness
products that caters to the diverse needs of its customers,
ensuring their well-being and vitality. Additionally, APTC delivers
comprehensive energy-saving solutions that empower companies to
drive sustainability initiatives, reduce energy consumption, and
achieve their sustainability goals.
For more information, visit
https://atpc.com.my/.
PRESS RELEASE
For Immediate Distribution
Issued By: Swan Consultancy
Sdn. Bhd. on behalf of Agape ATP CorporationFor more
information, please contact:
Jazzmin WanTel: +60 17-289 4110Email:
j.wan@swanconsultancy.biz
Mandy TanTel: +60 16-477 2257Email:
m.tan@swanconsultancy.biz
Forward-Looking Statements
Certain statements contained in this press
release about future expectations, plans, and prospects, as well as
any other statements regarding matters that are not historical
facts, may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include, but are not limited to, statements
relating to the expected benefits and outcomes of the relaunch of
ATPC Green Energy, the support from B&H Intec Solution, and the
potential for energy-saving solutions in various sectors. The words
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,”
“should,” “target,” “will,” “would,” and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause actual results
to differ materially from the Company’s expectations discussed in
the forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
Company’s ability to execute its strategies, manage growth, and
maintain its corporate culture; the Company’s future business
development, financial conditions, and results of operations;
expectations regarding demand for and market acceptance of our
products and services; changes in technology; economic conditions;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in Malaysia and the international markets the
Company plans to serve, and assumptions underlying or related to
any of the foregoing and other risks contained in reports filed by
the Company with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and AGAPE ATP Corporation specifically
disclaims any obligation to update any forward-looking statement,
whether as a result of new information, future events, or
otherwise, except as required by law.
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