Sep 28, 2016
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $263.00 to $1315.00.
The split itself did not change the total investment value.
Hokuetsu Metal Co., Ltd. (TSE:5446) operates in the Steel industry.
Hokuetsu Metal Co., Ltd. company overviewHokuetsu Metal Co., Ltd.'s most recent stock split was on September 28, 2016. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Hokuetsu Metal Co., Ltd. (TSE:5446) has split its stock 2 times: a 11-for-10 split on January 28, 1992 and a 1-for-5 reverse split on September 28, 2016.
Hokuetsu Metal Co., Ltd. has split its stock 2 times. This history records 2 splits between January 28, 1992 and 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 Hokuetsu Metal Co., Ltd.'s 1-for-5 reverse split on September 28, 2016, every 5 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.
Hokuetsu Metal Co., Ltd. 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:5446 split will appear on this page.
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