October 14, 2009 (FinancialWire) — China Wind Systems, Inc. (OTCBB: CHWY), (formerly OTCBB: CWSI) has completed a one-for-three reverse split of the company’s common stock and changed its ticker symbol to “CHWY” from “CWSI.”

Each issued and outstanding share of China Wind common stock was converted into one-third issued and outstanding share in connection with the reverse split.

As a result, China Wind now has around 15,034,767 shares of common stock issued and outstanding.

company CEO Jianhua Wu said the reverse stock split is “an important step” for the company to meet the minimum share price requirements for listing on a senior exchange in the United States.

Wuxi, China-based China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China.

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