October 19th (Beijing Time) - $IMPERIUM FIN GP (08029.HK)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 22nd, 2024.
$IMPERIUM FIN GP (08029.HK)$ rose 19.48% and closed at HK$0.092 on October 18th with a turnover of HK$320.25K. $IMPERIUM FIN GP (08029.HK)$ now has a total market capitalization of HK$214.72 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.