StocksMedium•5 November 2026•
1 min read
OFA Group Announces 10-for-1 Share Consolidation to Meet Listing Requirements
Key Facts
1OFA Group announced a 10-for-1 consolidation of its Class A ordinary shares, effective November 5, 2026.
OFA Group announced a 10-for-1 consolidation of its Class A ordinary shares, effective November 5, 2026. GlobeNewswire reported that every 10 existing Class A ordinary shares will be automatically combined into one share, reducing the number of issued and outstanding shares from approximately 9 million to 900,093.
OFAL closed at $0.2888 on November 4, 2026, with the session seeing a day low of $0.2501 and a high of $0.37. The company is implementing this reverse split to manage its share structure and maintain compliance with exchange listing requirements regarding minimum bid prices without altering its total market capitalization.