Nov 27, 2006
4:5
For every 5 shares held, investors received 4. The price per share adjusted from $336.70 to $420.88.
The split itself did not change the total investment value.
Great Eastern Shipping Co. Ltd. (BSE:GESHIP) operates in the Marine shipping industry.
Great Eastern Shipping Co. Ltd. company overviewGreat Eastern Shipping Co. Ltd.'s most recent stock split was on November 27, 2006. It was a 4-for-5 reverse split, so shareholders received 4 shares for every 5 they held.
Great Eastern Shipping Co. Ltd. (BSE:GESHIP) has split its stock 2 times: a 4-for-5 reverse split on October 16, 2006 and a 4-for-5 reverse split on November 27, 2006.
Great Eastern Shipping Co. Ltd. has split its stock 2 times. This history records 2 reverse splits between October 16, 2006 and November 27, 2006.
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 Great Eastern Shipping Co. Ltd.'s 4-for-5 reverse split on November 27, 2006, every 5 shares became 4 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Great Eastern Shipping Co. Ltd. has not announced a new split in our records. Its most recent split was on November 27, 2006, 19 years ago. Companies announce splits in advance, and any new BSE:GESHIP split will appear on this page.
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