Dec 07, 2012
257:324
For every 324 shares held, investors received 257. The price per share adjusted from $5.19 to $6.54.
The split itself did not change the total investment value.
Rexon Industrial Corp. Ltd. (TWSE:1515) operates in the Recreational products industry.
Rexon Industrial Corp. Ltd. company overviewRexon Industrial Corp. Ltd.'s most recent stock split was on December 7, 2012. It was a 257-for-324 reverse split, so shareholders received 257 shares for every 324 they held.
Rexon Industrial Corp. Ltd. (TWSE:1515) has split its stock 5 times: a 6-for-5 split on July 29, 1998, a 13-for-10 split on August 3, 1999, a 23-for-20 split on August 2, 2000, a 101-for-100 split on August 18, 2003, and a 257-for-324 reverse split on December 7, 2012.
Rexon Industrial Corp. Ltd. has split its stock 5 times. This history records 5 splits between July 29, 1998 and December 7, 2012.
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 Rexon Industrial Corp. Ltd.'s 257-for-324 reverse split on December 7, 2012, every 324 shares became 257 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Rexon Industrial Corp. Ltd. has not announced a new split in our records. Its most recent split was on December 7, 2012, 13 years ago. Companies announce splits in advance, and any new TWSE:1515 split will appear on this page.
Already premium?