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弘海高新资源将于2024年10月25日除权除息,10股合为1股

GRAND OCEAN AR To Carry Out 1-for-10 Reverse Stock Split On October 25th, 2024

Futu News ·  Sep 24 05:10

September 24th (Beijing Time) - $GRAND OCEAN AR (00065.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 25th, 2024.

$GRAND OCEAN AR (00065.HK)$ rose 5.0% and closed at HK$0.084 on September 23rd with a turnover of HK$49,940. $GRAND OCEAN AR (00065.HK)$ now has a total market capitalization of HK$171.87 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.


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