Sep 02, 2019
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.06 to $0.30.
The split itself did not change the total investment value.
Asia Energy Logistics Group Limited (HKEX:351) operates in the Marine shipping industry.
Asia Energy Logistics Group Limited company overviewAsia Energy Logistics Group Limited's most recent stock split was on September 2, 2019. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Asia Energy Logistics Group Limited (HKEX:351) has split its stock 5 times: a 10-for-3 split on June 3, 1997, a 1-for-100 reverse split on February 11, 2004, a 10-for-1 split on June 14, 2004, a 1-for-10 reverse split on April 11, 2017, and a 1-for-5 reverse split on September 2, 2019.
Asia Energy Logistics Group Limited has split its stock 5 times. This history records 5 splits between June 3, 1997 and September 2, 2019.
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 Asia Energy Logistics Group Limited's 1-for-5 reverse split on September 2, 2019, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Asia Energy Logistics Group Limited has not announced a new split in our records. Its most recent split was on September 2, 2019, 7 years ago. Companies announce splits in advance, and any new HKEX:351 split will appear on this page.
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