Sutor Technology signs two international sales agency agreements Sutor Technology subsidiary Changshu Huaye Steel Strip Co. has entered into two international sales agency agreements with two sales agencies located in the Middle East market covering Jordan and Iraq and South American market targeting Chile and Bolivia to supply a total of 15K metric tons of coated steel coils annually. The contracts are valued at $10M-$12M subject to the products to be ordered.
Sutor Technology announces one-for-five reverse stock split, change of symbol Sutor Technology announced that it has filed a Certificate of Change pursuant to Section 78.209 of the Nevada Revised Statutes with the Nevada Secretary of State to effect a one-for-five reverse stock split of the authorized and issued and outstanding shares of common stock, par value $0.001 per share, of the company. The reverse stock split will be effective at the market opening on June 26, at which time the company's common stock will begin trading on the NASDAQ Capital Market on a split-adjusted basis. At the same time, the company's common stock will trade under the new symbol "TOR" and under a new CUSIP number 869362202.