Sep 19, 2019
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $6000.00 to $18000.00.
The split itself did not change the total investment value.
KG DONGBUSTEEL CO., LTD. (KRX:016380) operates in the Steel industry.
KG DONGBUSTEEL CO., LTD. company overviewKG DONGBUSTEEL CO., LTD.'s most recent stock split was on September 19, 2019. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
KG DONGBUSTEEL CO., LTD. (KRX:016380) has split its stock 4 times: a 1102-for-935 split on August 11, 2009, a 1-for-4 reverse split on March 4, 2015, a 1-for-16 reverse split on May 25, 2016, and a 1-for-3 reverse split on September 19, 2019.
KG DONGBUSTEEL CO., LTD. has split its stock 4 times. This history records 4 splits between August 11, 2009 and September 19, 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 KG DONGBUSTEEL CO., LTD.'s 1-for-3 reverse split on September 19, 2019, every 3 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.
KG DONGBUSTEEL CO., LTD. has not announced a new split in our records. Its most recent split was on September 19, 2019, 7 years ago. Companies announce splits in advance, and any new KRX:016380 split will appear on this page.
Already premium?