New York, Oct. 12, 2018 — via NEWMEDIAWIRE — Weyland Tech Inc. (OTCQX: WEYL) ("Weyland" or the "Company") announced today, as a reminder to banks/brokers and shareholders, that today is the record date for the spin-off of its Weyland AtoZ Pay subsidiary ("WAI") and only shareholders of record as of today's record date will be entitled to receive their pro-rata allocation of WAI spin-off shares.
Following the record date, the Company plans to make available in the "Investor" section of its website a "Shareholder Transmittal Letter" which will provide shareholders the opportunity to independently document their position in WEYL common stock, as of the record date, while the Company awaits receipt of the required beneficial owner lists from the bank/brokers.
The Company has been notified by FINRA that it intends to make an announcement regarding the Company's spin-off on Monday, October 15th.