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China In-Focus: NF Energy Saving To reverse split 1-For-3

August 26, 2009 (FinancialWire) — NF Energy Saving Corp. of America’s (OTCBB: NFES) ticker symbol has changed to (OTCBB: NFEC) to coincide with a one-for-three reverse stock split of its common stock.

Prior to the market open on August 26, shareholders will receive one share of NFEC for every three shares of NFES they hold.

company CEO Li Gang said, “Both the American Stock Exchange and the NASDAQ have minimum price thresholds to qualify for listings, and today’s one-for-three reverse split should position the company to meet those thresholds.”

Shenyang, China-based NF Energy Saving provides energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations. The company has 220 employees.

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