share_log

民富国际将于2024年10月3日除权除息,40股合为1股

MIN FU INTL To Carry Out 1-for-40 Reverse Stock Split On October 3rd, 2024

Futu News ·  Aug 20 05:15

August 20th (Beijing Time) - $MIN FU INTL (08511.HK)$ is about to implement a 1-for-40 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 3rd, 2024.

$MIN FU INTL (08511.HK)$ rose 3.85% and closed at HK$0.027 on August 19th with a turnover of HK$134.42K. $MIN FU INTL (08511.HK)$ now has a total market capitalization of HK$19.43 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.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment