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JE Cleantech Holdings Limited To Carry Out 1-for-3 Reverse Stock Split On October 16th, 2023

moomoo News ·  Oct 13, 2023 19:35

October 14th - $JE Cleantech Holdings Limited (JCSE.US)$ is about to implement a 1-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 16th, 2023.

$JE Cleantech Holdings Limited (JCSE.US)$ slipped 10.62% and closed at $0.4201 on October 13th with a turnover of $25,149. $JE Cleantech Holdings Limited (JCSE.US)$ now has a total market capitalization of $6.3 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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