December 14th (Beijing Time) - $ROYAL CEN RES (08125.HK)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from February 11th, 2025.
$ROYAL CEN RES (08125.HK)$ rose 1.33% and closed at HK$0.076 on December 13th . $ROYAL CEN RES (08125.HK)$ now has a total market capitalization of HK$17.15 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.