December 11th (Beijing Time) - $JINHAI MED TECH (02225.HK)$ is about to implement a 4-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from December 12th, 2024.
$JINHAI MED TECH (02225.HK)$ slipped 5.96% and closed at HK$8.2 on December 10th with a turnover of HK$19.31 million. $JINHAI MED TECH (02225.HK)$ now has a total market capitalization of HK$10.59 billion.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.