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GMO Payment Gateway to conduct 1-to-2 reverse stock split

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GMO Payment Gateway to conduct 1-to-2 reverse stock split

Japan-based GMO Payment Gateway Inc. plans to conduct a one-to-two reverse stock split to improve share liquidity and encourage investor activity.

The change will take place Oct. 1, the company said in an Aug. 9 release, adding that its capital amount will remain unchanged.