FBS Global Announces One-for-Ten Reverse Stock Split
FBS Global has announced a one-for-ten reverse stock split of its issued and unissued ordinary shares, each with a par value of $0.001. The change is expected to take effect on September 28, 2026. The company's stock price dropped by 8.2% following the announcement, closing at $0.37 per share. A reverse stock split typically aims to increase the perceived value of a company’s shares and avoid delisting due to low prices. This move may signal an effort from FBS Global to stabilize its market position or meet exchange requirements for minimum price thresholds.
Tickers: $FBGL
Topics: capital changes stock structure