** 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;))
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