April 18th - $QIANHAI HEALTH (00911.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 20th, 2024.
$QIANHAI HEALTH (00911.HK)$ closed at HK$0.033 on April 17th with a turnover of HK$580. $QIANHAI HEALTH (00911.HK)$ now has a total market capitalization of HK$55.91 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.