SU Group Approves 1-For-5 Reverse Stock Split, Effective Aug. 6; Outstanding Shares To Decline From 7.12M To 1.42M
SU Group Holdings Limited (NASDAQ:SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced that it will effect a 1-for-5 reverse
SU Group is combining every 5 shares into 1 share on August 6th, so if you owned 5 shares, you'll have 1 share instead. This usually means a company wants to raise its share price or fix a problem, so watch whether the company's actual business gets better or stays the same.
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