Oct 20, 2017
9:10
For every 10 shares held, investors received 9. The price per share adjusted from $21.40 to $23.78.
The split itself did not change the total investment value.
Kwong Fong Industries Corporation (TWSE:1416) operates in the Information technology services industry.
Kwong Fong Industries Corporation company overviewKwong Fong Industries Corporation's most recent stock split was on October 20, 2017. It was a 9-for-10 reverse split, so shareholders received 9 shares for every 10 they held.
Kwong Fong Industries Corporation (TWSE:1416) has split its stock 6 times: a 5-for-4 split on August 17, 1998, a 7-for-10 reverse split on October 14, 2010, a 4-for-5 reverse split on November 1, 2013, a 9-for-10 reverse split on November 10, 2015, a 39-for-50 reverse split on October 14, 2016, and a 9-for-10 reverse split on October 20, 2017.
Kwong Fong Industries Corporation has split its stock 6 times. This history records 6 splits between August 17, 1998 and October 20, 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 Kwong Fong Industries Corporation's 9-for-10 reverse split on October 20, 2017, every 10 shares became 9 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Kwong Fong Industries Corporation has not announced a new split in our records. Its most recent split was on October 20, 2017, 9 years ago. Companies announce splits in advance, and any new TWSE:1416 split will appear on this page.
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