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Malaysia's Prevention Insurance.com carries out reverse stock split

Malaysia-based Prevention Insurance.com has implemented a reverse stock split that converted 10 common shares into 1 common share.

No fractional shares will be issued, and holders entitled to such will receive a whole share, according to a regulatory filing.

The number of common shares was cut to 2,234,465 from 22,340,081. The company's authorized common shares will be doubled to 200 million.