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MPIRE To Carry Out 1-for-2 Reverse Stock Split On November 8th, 2024

Moomoo News ·  Oct 24, 2024 05:35

October 24th (Malaysia Time) - $MPIRE (7943.MY)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 8th, 2024.

$MPIRE (7943.MY)$ slipped 4.55% and closed at RM0.105 on October 23rd with a turnover of RM30,838.


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
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