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LAPCO HOLDINGS To Carry Out 1-for-20 Reverse Stock Split On August 1st, 2023

moomoo News ·  Jul 30, 2023 21:00

July 31st - $LAPCO HOLDINGS (08472.HK)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 1st, 2023.

$LAPCO HOLDINGS (08472.HK)$ closed at HK$0.075 on July 28th with a turnover of HK$33,165. $LAPCO HOLDINGS (08472.HK)$ now has a total market capitalization of HK$36 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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