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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUGP:
- SU Group Holdings Approves Share Consolidation and Capital Increase
- 3 Penny Stocks to Watch Now, 7/10/25
- SU Group Stock (SUGP) Rockets 125% on a Record Hospital Security Deal
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Morning Movers: Starbucks climbs following reports of interest in China business