Sep 28, 2016
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $524.00 to $1048.00.
The split itself did not change the total investment value.
Naigai Tec Corporation (TSE:3374) operates in the Electronics distributors industry.
Naigai Tec Corporation company overviewNaigai Tec Corporation's most recent stock split was on September 28, 2016. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Naigai Tec Corporation has split its stock once. This history records one reverse split, on September 28, 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 Naigai Tec Corporation's 1-for-2 reverse split on September 28, 2016, 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.
Naigai Tec Corporation has not announced a new split in our records. Its most recent split was on September 28, 2016, 10 years ago. Companies announce splits in advance, and any new TSE:3374 split will appear on this page.
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