April 13th - $JIADING INTL GP (08153.HK)$ 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 21st, 2024.
$JIADING INTL GP (08153.HK)$ rose 11.76% and closed at HK$0.019 on April 12th with a turnover of HK$98,100. $JIADING INTL GP (08153.HK)$ now has a total market capitalization of HK$34.84 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.