share_log

VCI Global To Carry Out 1-for-49 Reverse Stock Split On November 5th, 2024

Moomoo News ·  Nov 1 19:35

November 1st (Eastern Time) - $VCI Global (VCIG.US)$ is about to implement a 1-for-49 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 5th, 2024.

$VCI Global (VCIG.US)$ slipped 7.36% and closed at $0.0805 on October 31st with a turnover of $1.53 million. $VCI Global (VCIG.US)$ now has a total market capitalization of $12.22 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.

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