SU Group announces 1-for-10 reverse stock split

Published 2 months ago Positive
SU Group announces 1-for-10 reverse stock split
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* SU Group Holdings (NASDAQ:SUGP [https://seekingalpha.com/symbol/SUGP]) on Wednesday said it will effect a 1-for-10 reverse stock split of its ordinary shares, par value HK$0.01 per share.
* The share consolidation will become effective on Monday, August 25, 2025, and the company's ordinary shares will commence trading on Nasdaq on a post-split basis at the opening of the market on August 25, 2025.
* The company's ordinary shares will continue to trade on Nasdaq under the existing trading symbol, "SUGP."
* 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.
* The share capital increase will increase the authorized share capital from HK$7.5M, divided into 75M shares of a nominal or par value of HK$0.10 each, to HK$75M, divided into 750M consolidated shares.
* SUGP -1.1% after hours to $0.5736.
* Source: Press Release [https://seekingalpha.com/pr/20207306-su-group-holdings-limited-announces-reverse-stock-split-share-capital-increase-and-share]

MORE ON SU GROUP HOLDINGS

* Financial information for SU Group Holdings [https://seekingalpha.com/symbol/SUGP/income-statement]