December 24th (Beijing Time) - $WAN LEADER (08482.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 17th, 2025.
$WAN LEADER (08482.HK)$ slipped 8.7% and closed at HK$0.021 on December 23rd with a turnover of HK$31,560. $WAN LEADER (08482.HK)$ now has a total market capitalization of HK$26.2 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.