Sep 10, 2023
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $26.80 to $53.60.
The split itself did not change the total investment value.
Luzon Credit and Finance Ltd (TASE:LUZC) operates in the Hotels/Resorts/Cruise lines industry.
Luzon Credit and Finance Ltd company overviewLuzon Credit and Finance Ltd's most recent stock split was on September 10, 2023. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Luzon Credit and Finance Ltd (TASE:LUZC) has split its stock 2 times: a 100-for-1 split on July 27, 2010 and a 1-for-2 reverse split on September 10, 2023.
Luzon Credit and Finance Ltd has split its stock 2 times. This history records 2 splits between July 27, 2010 and September 10, 2023.
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 Luzon Credit and Finance Ltd's 1-for-2 reverse split on September 10, 2023, 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.
Luzon Credit and Finance Ltd has not announced a new split in our records. Its most recent split was on September 10, 2023, 3 years ago. Companies announce splits in advance, and any new TASE:LUZC split will appear on this page.
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