May 2nd - $CHINA BAOLI TEC (00164.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 20th, 2023.
$CHINA BAOLI TEC (00164.HK)$ rose 2.41% and closed at HK$0.085 on April 28th with a turnover of HK$108.17K. $CHINA BAOLI TEC (00164.HK)$ now has a total market capitalization of HK$61.69 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.