Nov 11, 1997
3:10
For every 10 shares held, investors received 3.
The split itself did not change the total investment value.
Araneta Properties Inc. (PSE:ARA) operates in the Real estate development industry.
Araneta Properties Inc. company overviewAraneta Properties Inc.'s most recent stock split was on November 11, 1997. It was a 3-for-10 reverse split, so shareholders received 3 shares for every 10 they held.
Araneta Properties Inc. (PSE:ARA) has split its stock 3 times: a 6-for-5 split on April 26, 1991, a 1-for-100 reverse split on July 6, 1993, and a 3-for-10 reverse split on November 11, 1997.
Araneta Properties Inc. has split its stock 3 times. This history records 3 splits between April 26, 1991 and November 11, 1997.
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 Araneta Properties Inc.'s 3-for-10 reverse split on November 11, 1997, every 10 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.
Araneta Properties Inc. has not announced a new split in our records. Its most recent split was on November 11, 1997, 28 years ago. Companies announce splits in advance, and any new PSE:ARA split will appear on this page.
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