November 25th (Beijing Time) - $RMH HOLDINGS (08437.HK)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 26th, 2024.
$RMH HOLDINGS (08437.HK)$ rose 15.38% and closed at HK$0.015 on November 22nd with a turnover of HK$58,200. $RMH HOLDINGS (08437.HK)$ now has a total market capitalization of HK$19.98 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.