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FINRA Confirmation on Noble Vici Group, Inc’s Reverse Stock Split To Be Effective

  • Writer: Noble Vici Group, Inc.
    Noble Vici Group, Inc.
  • Jun 15, 2018
  • 2 min read

Updated: Nov 26, 2020

Singapore, 15 June 2018 - Noble Vici Group Inc. (OTC: NVGI), a company that is focused on harnessing the opportunities in the digital revolution of IoT, Big Data, Blockchain and E-commerce, today announced that it has received from FINRA (Financial Industry Regulatory Authority) its confirmation to process its application for Reverse Stock Split application. This corporate action will be effective from June 15, 2018.


Commenting on this, CEO of Noble Vici Group Sir Eldee Tang, said, “With this corporate action, our capital structure will be effectively realigned and will facilitate our ability to fund acquisitions and our expansion plans. We are looking forward to an exciting year at the company.”


On Stock Splits

The effect of the Reverse Stock Split upon the market price of our common stock cannot be predicted, and the history of reverse stock splits for companies in similar circumstances includes cases where stock performance has and has not improved. 


There can be no assurance that the trading price of our common stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of our common stock outstanding as a result of the Reverse Stock Split or remain at an increased level for any period. 


The trading price of the common stock may change due to a variety of other factors, including our operating results, other factors related to our business and general market conditions.


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About Noble Vici Group (OTC: NVGI)

Noble Vici Group, Inc. is a company on the cutting edge of technology, through in-house developments and external acquisitions the company is building an ecosystem of IoT, Big Data, Blockchain and E-commerce to form a digital revolution that provides our users with the tools to live and interact in the modern mobile world. 

For further information, please contact


Investor Relations 

Florence Fang

Flame Communications

Email:florence@flamecomms.com

Phone: (65) 9768 8186

Website: www.flamecomms.com


Notice regarding Forward-Looking Statements: 

Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our reports.

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Disclaimer: Noble Vici Group, Inc. (“NVGI”) is organized under the laws of the United States of America.  The offer and sale of its securities are subject to the laws and regulations of the United States, including those promulgated by the United States Securities and Exchange Commission. In addition, NVGI is neither licensed nor regulated by Monetary Authority of Singapore ("MAS") and any other applicable laws and regulations in any other jurisdictions that NVGI operates, except as mentioned above. The information contained herein is provided solely for information purposes only. The information herein does not constitute an offering circular and it should not be treated as any sort of offering material. The information contained herein does not constitute or form part of any offer for sale, or subscription of, or solicitation, or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any investment decision, commitment or contract whatsoever. No deliveries, offers, resales, sales of any securities referred to herein or distribution of any material relating to such securities may be made in or from any jurisdiction, save for circumstances which will result in compliance with any applicable laws and regulations and which will not impose any obligation on NVGI.

 

Related Products and Offerings Disclaimer: The information contained herein all related products and offerings is not an offer to buy or sell, or a solicitation of an offer to buy or sell any instrument or security, or to participate in any trading strategy. Any decision to invest in any instruments or securities described herein should be made after conducting such investigations as you deem necessary, and after consulting your own accounting, legal, and tax advisors in order to make an independent decision of the suitability and consequences of an investment in any securities. You acknowledge and confirm that Noble Vici Group, Inc. (“NVGI”) and all its subsidiaries (collectively the “Group”) have not considered any individual investor’s circumstances, financial situation, or investment objectives in preparing this information and that this information is not intended to provide the basis of any credit or other evaluation and that it should not be considered as a recommendation to purchase securities. You further acknowledge that the Group does not act as adviser or agent to you or to any of your clients or customers.

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