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TEAMWAY INTL GP To Carry Out 1-for-4 Reverse Stock Split On November 29th, 2023

moomoo News ·  Oct 31, 2023 17:05

November 1st - $TEAMWAY INTL GP (01239.HK)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 29th, 2023.

$TEAMWAY INTL GP (01239.HK)$ closed at HK$0.032 on October 31st with a turnover of HK$1,415. $TEAMWAY INTL GP (01239.HK)$ now has a total market capitalization of HK$25.25 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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