December 4th (Singapore Time) - $Soilbuild Const (S7P.SG)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 10th, 2024.
$Soilbuild Const (S7P.SG)$ rose 8.33% and closed at SGD$0.078 on December 3rd with a turnover of SGD$164.15K.
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.