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HATCHER GROUP To Carry Out 1-for-25 Reverse Stock Split On January 5th, 2024

moomoo News ·  Dec 4, 2023 16:05

December 5th - $HATCHER GROUP (08365.HK)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 5th, 2024.

$HATCHER GROUP (08365.HK)$ slipped 2.63% and closed at HK$0.037 on December 4th with a turnover of HK$1,850. $HATCHER GROUP (08365.HK)$ now has a total market capitalization of HK$33 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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