Dividends & Buybacks ·
CL Workshop Group implements one-for-80 reverse split via ADS ratio change to regain Nasdaq compliance
NWGLCL Workshop Group Ltd
CL Workshop Group Limited announced that its American Depositary Shares (ADSs) will undergo a ratio change from 1:8 to 1:640, effective November 6, 2026. This adjustment has the same economic effect as a one-for-80 reverse stock split for ADS holders, aiming to increase the per-ADS trading price and regain compliance with Nasdaq’s $1.00 minimum bid price requirement. The company's Class A ordinary shares remain unaffected, and no fractional new ADSs will be issued; instead, fractional entitlements will be sold by the depositary bank with proceeds distributed to holders. CL Workshop Group Limited is a global forestry company offering wooden products including logs, decking, flooring, and sawn timber.