Jun 09, 2017
3:4
For every 4 shares held, investors received 3. The price per share adjusted from $0.04 to $0.05.
The split itself did not change the total investment value.
Synertec Corporation Limited (ASX:SOP) operates in the Engineering & construction industry.
Synertec Corporation Limited company overviewSynertec Corporation Limited's most recent stock split was on June 9, 2017. It was a 3-for-4 reverse split, so shareholders received 3 shares for every 4 they held.
Synertec Corporation Limited (ASX:SOP) has split its stock 8 times: a 1-for-6 reverse split on March 7, 1994, a 87-for-56 split on April 14, 1994, a 1-for-4 reverse split on February 9, 1996, a 3-for-2 split on January 12, 1998, a 36-for-29 split on December 22, 2006, a 39-for-31 split on October 22, 2010, a 1-for-20 reverse split on June 22, 2011, and a 3-for-4 reverse split on June 9, 2017.
Synertec Corporation Limited has split its stock 8 times. This history records 8 splits between March 7, 1994 and June 9, 2017.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Synertec Corporation Limited's 3-for-4 reverse split on June 9, 2017, every 4 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Synertec Corporation Limited has not announced a new split in our records. Its most recent split was on June 9, 2017, 9 years ago. Companies announce splits in advance, and any new ASX:SOP split will appear on this page.
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