J-Long Group Limited (JL) has released an update.
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J-Long Group Limited, a distributor of garment trims, is implementing a 1-for-10 reverse stock split to meet Nasdaq’s minimum bid price requirements. This move, effective December 9, 2024, aims to consolidate the company’s shares and potentially stabilize its market position. The adjusted shares will begin trading on December 10, 2024, under the existing ticker symbol ‘JL.’
For further insights into JL stock, check out TipRanks’ Stock Analysis page.