November 25th (Beijing Time) - $WORLD SUPER (08612.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 26th, 2024.
$WORLD SUPER (08612.HK)$ closed at HK$0.015 on November 22nd with a turnover of HK$10,510. $WORLD SUPER (08612.HK)$ now has a total market capitalization of HK$12.96 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.