December 2nd (Beijing Time) - $SIMPLICITY HLDG (08367.HK)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 7th, 2025.
$SIMPLICITY HLDG (08367.HK)$ slipped 4.55% and closed at HK$0.021 on November 29th with a turnover of HK$58,680. $SIMPLICITY HLDG (08367.HK)$ now has a total market capitalization of HK$24.16 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.