SU Group (SUGP) “announced that it will effect a 1-for-10 reverse stock split of its ordinary shares, par value HK$0.01 per share, an increase in its authorized share capital, and an alteration to its share capital structure. The Share Consolidation is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.”
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