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GOLDWAY EDU To Carry Out 1-for-5 Reverse Stock Split On October 30th, 2023

moomoo News ·  Sep 12, 2023 05:05

September 12th - $GOLDWAY EDU (08160.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 30th, 2023.

$GOLDWAY EDU (08160.HK)$ closed at HK$0.042 on September 11th . $GOLDWAY EDU (08160.HK)$ now has a total market capitalization of HK$31.77 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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