February 27th - $JIA GROUP (08519.HK)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from March 25th, 2024.
$JIA GROUP (08519.HK)$ rose 3.09% and closed at HK$0.167 on February 26th with a turnover of HK$488.06K. $JIA GROUP (08519.HK)$ now has a total market capitalization of HK$193.68 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.