September 12th - $GOLDWAY EDU (08160.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 30th, 2023.
$GOLDWAY EDU (08160.HK)$ closed at HK$0.042 on September 11th . $GOLDWAY EDU (08160.HK)$ now has a total market capitalization of HK$31.77 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.