Yunhong Announces Corporate Name, Nasdaq Ticker Symbol Change; Ticker Symbol To Change From 'CTIB' To 'YHGJ' Effective Sept. 25
Portfolio Pulse from Benzinga Newsdesk
Yunhong Green CTI LTD. has announced a corporate name change and a change in its Nasdaq ticker symbol from 'CTIB' to 'YHGJ', effective from September 25, 2023. The new name reflects the company's global presence and its goal of bringing patented advanced materials to the North American market to enhance environmental sustainability. The company is developing compostable, biodegradable, and recyclable components for its existing and expanding product lines.
September 22, 2023 | 12:07 pm
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Yunhong Green CTI LTD., previously known as CTIB, has changed its Nasdaq ticker symbol to 'YHGJ'. The change is effective from September 25, 2023.
The change in ticker symbol and corporate name is a significant event for a company. However, it does not directly impact the company's financials or operations. Therefore, the short-term impact on the stock price is neutral. The long-term impact will depend on the company's success in achieving its environmental sustainability goals.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100