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UNI PRINTSHOP To Carry Out 1-for-5 Reverse Stock Split On December 27th, 2023

moomoo News ·  Nov 16, 2023 16:05

November 17th - $UNI PRINTSHOP (08448.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 27th, 2023.

$UNI PRINTSHOP (08448.HK)$ rose 3.57% and closed at HK$0.029 on November 16th with a turnover of HK$81,200. $UNI PRINTSHOP (08448.HK)$ now has a total market capitalization of HK$28.94 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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