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CHINA ENV RES To Carry Out 1-for-5 Reverse Stock Split On April 9th, 2024

moomoo News ·  Apr 7 21:00

April 8th - $CHINA ENV RES (01130.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 9th, 2024.

$CHINA ENV RES (01130.HK)$ slipped 8.33% and closed at HK$0.044 on April 5th with a turnover of HK$82,163. $CHINA ENV RES (01130.HK)$ now has a total market capitalization of HK$107.52 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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