Cyber Enviro-Tech plans subsidiary spin-off, stock dividend for eligible shareholders - CETI News | RalliesCyber Enviro-Tech plans subsidiary spin-off, stock dividend for eligible shareholders
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CETI• Cyber Enviro-Tech outlines subsidiary spin-off plan
- Cyber Enviro-Tech outlined plans to form a wholly owned subsidiary to hold and commercialize selected technologies currently inside the company.
- Management targets a later spin-off as a separate public company, distributing subsidiary shares to eligible shareholders as a stock dividend.
- Shareholders of record on a date to be announced would keep their CETI shares while receiving shares in the spun-out entity.
- The new company is expected to seek OTCQB quotation, while CETI remains focused on environmental remediation and industrial wastewater technologies.
- Board approval and regulatory steps are still required; CETI has not set the record date, dividend ratio, or capitalization terms.
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