Jun 11, 2017
1:26
For every 26 shares held, investors received 1.
The split itself did not change the total investment value.
ERECH FINANCE CAHALACHA LTD (TASE:EFNC-M) operates in the Medical specialties industry.
ERECH FINANCE CAHALACHA LTD company overviewERECH FINANCE CAHALACHA LTD's most recent stock split was on June 11, 2017. It was a 1-for-26 reverse split, so shareholders received 1 share for every 26 they held.
ERECH FINANCE CAHALACHA LTD (TASE:EFNC-M) has split its stock 4 times: a 1-for-5 reverse split on July 19, 2015, a 1-for-33 reverse split on January 31, 2016, a 1-for-11 reverse split on February 26, 2017, and a 1-for-26 reverse split on June 11, 2017.
ERECH FINANCE CAHALACHA LTD has split its stock 4 times. This history records 4 reverse splits between July 19, 2015 and June 11, 2017.
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 ERECH FINANCE CAHALACHA LTD's 1-for-26 reverse split on June 11, 2017, every 26 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.
ERECH FINANCE CAHALACHA LTD has not announced a new split in our records. Its most recent split was on June 11, 2017, 9 years ago. Companies announce splits in advance, and any new TASE:EFNC-M split will appear on this page.
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