share_log

TIAN CHENG HLDG To Carry Out 1-for-10 Reverse Stock Split On November 2nd, 2023

moomoo News ·  10/05/2023 05:10

October 5th - $TIAN CHENG HLDG (02110.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 2nd, 2023.

$TIAN CHENG HLDG (02110.HK)$ slipped 10.53% and closed at HK$0.034 on October 4th with a turnover of HK$247.16K. $TIAN CHENG HLDG (02110.HK)$ now has a total market capitalization of HK$90.73 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
    Write a comment