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TH International ( (THCH) ) just unveiled an announcement.
TH International Limited has announced a 1-for-5 reverse stock split of its ordinary shares, effective from December 31, 2024. This move, approved by shareholders and the board, will affect all shareholders uniformly without altering their percentage interest, and is aimed at adjusting the trading value of shares, with implications for shareholder equity and market perception.
More about TH International
TH International Limited, known as Tims China, is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Founded by Cartesian Capital Group and Tim Hortons Restaurants International, Tims China emphasizes world-class execution, data-driven decision making, and focuses on local relevance, continuous innovation, community, and convenience.
YTD Price Performance: -3.34%
Average Trading Volume: 128,353
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.07M
For detailed information about THCH stock, go to TipRanks’ Stock Analysis page.
