On Wednesday June 5, 2024, E-home Household Service Holdings Announced The Approval Of A Share Consolidation By Its Shareholders In The Ratio From 1-For-2 To 1-For-10
Portfolio Pulse from Benzinga Newsdesk
E-Home Household Service Holdings Limited (NASDAQ:EJH) announced the approval of a share consolidation by its shareholders, with a ratio ranging from 1-for-2 to 1-for-10. The exact ratio will be determined by the Board within 90 days.
June 06, 2024 | 5:22 pm
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E-Home Household Service Holdings Limited (NASDAQ:EJH) has received shareholder approval for a share consolidation with a ratio between 1-for-2 and 1-for-10. The exact ratio will be decided by the Board within 90 days.
The approval of a share consolidation typically aims to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and potentially reduce volatility. The exact impact will depend on the final ratio decided by the Board.
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