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SPACE GROUP To Carry Out 1-for-20 Reverse Stock Split On May 7th, 2024

moomoo News ·  Mar 25 05:05

March 25th - $SPACE GROUP (02448.HK)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 7th, 2024.

$SPACE GROUP (02448.HK)$ slipped 2.7% and closed at HK$0.036 on March 22nd with a turnover of HK$119.48K. $SPACE GROUP (02448.HK)$ now has a total market capitalization of HK$41.78 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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