Mar 07, 2016
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $0.10 to $0.29.
The split itself did not change the total investment value.
Sapphire Corporation Limited (SGX:BRD) operates in the Engineering & construction industry.
Sapphire Corporation Limited company overviewSapphire Corporation Limited's most recent stock split was on March 7, 2016. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Sapphire Corporation Limited (SGX:BRD) has split its stock 4 times: a 5-for-4 split on November 13, 2001, a 20-for-19 split on September 6, 2007, a 1-for-20 reverse split on February 23, 2011, and a 1-for-3 reverse split on March 7, 2016.
Sapphire Corporation Limited has split its stock 4 times. This history records 4 splits between November 13, 2001 and March 7, 2016.
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 Sapphire Corporation Limited's 1-for-3 reverse split on March 7, 2016, 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.
Sapphire Corporation Limited has not announced a new split in our records. Its most recent split was on March 7, 2016, 10 years ago. Companies announce splits in advance, and any new SGX:BRD split will appear on this page.
Already premium?