PKU RESOURCES To Carry Out 1-for-4 Reverse Stock Split On May 8th, 2024

Futu News ·  Mar 15 05:05

March 15th - $PKU RESOURCES (00618.HK)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 8th, 2024.

$PKU RESOURCES (00618.HK)$ rose 4.55% and closed at HK$0.069 on March 14th with a turnover of HK$322.35K. $PKU RESOURCES (00618.HK)$ now has a total market capitalization of HK$714.12 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.


The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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