** Shares of trading service provider MMTec Inc fall 16.1% to 22 cents premarket

** MTC says it will implement a 1-for-8 reverse stock split, which will be effective on Dec. 18

** MTC says its authorized shares will reduce from 5 bln to 625 mln and par value per share will increase from 1 cent to 8 cents

** As of last close, stock had fallen 73.8% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))