75,692,024 common shares outstanding after giving effect to the 3 million shares cancelled
HONG KONG, CHINA--(Marketwired - Jul 13, 2017) - 12 Retech Corporation ("12 Retech" or the "Company") (OTC PINK: DVGGD), an innovative retail technology company, is pleased to announce that the Company has reached an agreement with a vendor shareholder to return 3,000,000 shares of its common stock to treasury for cancellation.
Angelo Ponzetta, CEO of 12 Retech, stated, "Reducing the total number of common shares outstanding has increased shareholder value and will give us greater flexibility in financing and making potential acquisitions in the future."
Following the share cancellation there are 75,692,024 common shares issued and outstanding, as of July 12, 2017.
