SU Group (SUGP) said Tuesday it will implement a 1-for-5 reverse stock split of its Class A ordinary shares, effective Aug. 6.
The shares will begin trading on a post-split basis on the Nasdaq Capital Market at the market open the same day under the existing "SUGP" ticker.
The reverse stock split will reduce the number of outstanding class A ordinary shares to about 1.42 million from roughly 7.12 million. No fractional shares will be issued, with any fractional shares rounded up to the nearest whole share.
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