109 A reverse stock split is a corporate action that reduces the number of outstanding shares of a public corporation. The aim of this is to increase the price per share, which a company might need to do to meet exchange listing rules or make it easier to raise money from new investors. A reverse stock split is the opposite of a traditional stock split ‘which increases the number of shares, decreasing the share price. Companies also do this to make it easier for investors to buy and sell shares in business. Why do a reverse stock split? You Might Be Interested In Morgan Stanley Thinks Banks With Low Loan-To-Deposit Ratios & Less Reliance On Customer Deposits Have Chance Of Winning: Here’s Why PayNet and Ant Group launched cross-border digital payments for eight Asian corridors BIS Innovation Hub’s Project Tourbillon Reveals Retail CBDC’s Cash-Like Anonymity BankDhofar Introduces Innovative Vertical Credit Cards to Enhance Customer Experience BiB Exchange expands into Asia with Singapore office launch HKMA gets ready to host two top events
