share_log

XOX To Carry Out 1-for-30 Reverse Stock Split On July 29th, 2024

Moomoo News ·  Jul 25 21:00

July 26th (Malaysia Time) - $XOX (0165.MY)$ is about to implement a 1-for-30 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 29th, 2024.

$XOX (0165.MY)$ closed at None on July 25th with a turnover of None.


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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment