Nov 07, 2016
3:5
For every 5 shares held, investors received 3. The price per share adjusted from $1.68 to $2.80.
The split itself did not change the total investment value.
Wei Chih Steel Industrial Co., Ltd. (TWSE:2028) operates in the Steel industry.
Wei Chih Steel Industrial Co., Ltd. company overviewWei Chih Steel Industrial Co., Ltd.'s most recent stock split was on November 7, 2016. It was a 3-for-5 reverse split, so shareholders received 3 shares for every 5 they held.
Wei Chih Steel Industrial Co., Ltd. (TWSE:2028) has split its stock 3 times: a 11-for-10 split on May 8, 1998, a 2500-for-3799 reverse split on December 24, 2003, and a 3-for-5 reverse split on November 7, 2016.
Wei Chih Steel Industrial Co., Ltd. has split its stock 3 times. This history records 3 splits between May 8, 1998 and November 7, 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 Wei Chih Steel Industrial Co., Ltd.'s 3-for-5 reverse split on November 7, 2016, every 5 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Wei Chih Steel Industrial Co., Ltd. has not announced a new split in our records. Its most recent split was on November 7, 2016, 9 years ago. Companies announce splits in advance, and any new TWSE:2028 split will appear on this page.
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