Nov 28, 2011
3:5
For every 5 shares held, investors received 3. The price per share adjusted from $2320.00 to $3866.67.
The split itself did not change the total investment value.
Cheryong Electric Co., Ltd. (KRX:033100) operates in the Electrical products industry.
Cheryong Electric Co., Ltd. company overviewCheryong Electric Co., Ltd.'s most recent stock split was on November 28, 2011. It was a 3-for-5 reverse split, so shareholders received 3 shares for every 5 they held.
Cheryong Electric Co., Ltd. (KRX:033100) has split its stock 8 times: a 10-for-1 split on February 18, 2000, a 199-for-188 split on December 29, 2004, a 103-for-96 split on November 17, 2005, a 103-for-100 split on December 28, 2005, a 103-for-100 split on December 27, 2006, a 285-for-262 split on July 11, 2007, a 649-for-587 split on October 2, 2008, and a 3-for-5 reverse split on November 28, 2011.
Cheryong Electric Co., Ltd. has split its stock 8 times. This history records 8 splits between February 18, 2000 and November 28, 2011.
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 Cheryong Electric Co., Ltd.'s 3-for-5 reverse split on November 28, 2011, every 5 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.
Cheryong Electric Co., Ltd. has not announced a new split in our records. Its most recent split was on November 28, 2011, 14 years ago. Companies announce splits in advance, and any new KRX:033100 split will appear on this page.
Already premium?