NewsHK
In equity markets, a reverse stock split request is typically among the last levers a distressed company's backers pull before minimum listing standards force action.
A request has been made for a reverse stock split of KORU, with the stated aim of preventing the share price from reaching zero, a development that reflects the acute pressure building beneath the company's stock.
What the request signals A reverse stock split consolidates existing shares into fewer units, raising the nominal price per share without altering the underlying market value.
The signal is not: a share price trending toward zero indicates sustained selling pressure, and in most exchange frameworks, the risk of automatic delisting once minimum price thresholds are breached.
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