Mar 12, 2012
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.76 to $1.52.
The split itself did not change the total investment value.
SHENGKAI INNOVATIONS INC (OTC:VALV) operates in the Industrial machinery industry.
SHENGKAI INNOVATIONS INC company overviewSHENGKAI INNOVATIONS INC's most recent stock split was on March 12, 2012. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
SHENGKAI INNOVATIONS INC (OTC:VALV) has split its stock 2 times: a 1-for-2 reverse split on May 12, 2008 and a 1-for-2 reverse split on March 12, 2012.
SHENGKAI INNOVATIONS INC has split its stock 2 times. This history records 2 reverse splits between May 12, 2008 and March 12, 2012.
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 SHENGKAI INNOVATIONS INC's 1-for-2 reverse split on March 12, 2012, every 2 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.
SHENGKAI INNOVATIONS INC has not announced a new split in our records. Its most recent split was on March 12, 2012, 14 years ago. Companies announce splits in advance, and any new OTC:VALV split will appear on this page.
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