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SINOPHARM TECH To Carry Out 1-for-25 Reverse Stock Split On August 29th, 2023

moomoo News ·  07/21/2023 17:05

July 21st - $SINOPHARM TECH (08156.HK)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 29th, 2023.

$SINOPHARM TECH (08156.HK)$ closed at HK$0.013 on July 20th with a turnover of HK$40,950. $SINOPHARM TECH (08156.HK)$ now has a total market capitalization of HK$59.7 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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