Dec 09, 2016
7:10
For every 10 shares held, investors received 7. The price per share adjusted from $17.40 to $24.86.
The split itself did not change the total investment value.
China Wire & Cable Co., Ltd. (TWSE:1603) operates in the Building products industry.
China Wire & Cable Co., Ltd. company overviewChina Wire & Cable Co., Ltd.'s most recent stock split was on December 9, 2016. It was a 7-for-10 reverse split, so shareholders received 7 shares for every 10 they held.
China Wire & Cable Co., Ltd. (TWSE:1603) has split its stock 5 times: a 13-for-10 split on September 30, 1994, a 11-for-10 split on July 5, 1997, a 7-for-5 split on June 6, 1998, a 4-for-5 reverse split on December 1, 2015, and a 7-for-10 reverse split on December 9, 2016.
China Wire & Cable Co., Ltd. has split its stock 5 times. This history records 5 splits between September 30, 1994 and December 9, 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 China Wire & Cable Co., Ltd.'s 7-for-10 reverse split on December 9, 2016, every 10 shares became 7 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
China Wire & Cable Co., Ltd. has not announced a new split in our records. Its most recent split was on December 9, 2016, 9 years ago. Companies announce splits in advance, and any new TWSE:1603 split will appear on this page.
Already premium?