Jan 26, 1999
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Samick Musical Instruments Co., Ltd (KRX:002450) operates in the Recreational products industry.
Samick Musical Instruments Co., Ltd company overviewSamick Musical Instruments Co., Ltd's most recent stock split was on January 26, 1999. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Samick Musical Instruments Co., Ltd has split its stock once. This history records one reverse split, on January 26, 1999.
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 Samick Musical Instruments Co., Ltd's 1-for-5 reverse split on January 26, 1999, 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.
Samick Musical Instruments Co., Ltd has not announced a new split in our records. Its most recent split was on January 26, 1999, 27 years ago. Companies announce splits in advance, and any new KRX:002450 split will appear on this page.
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