Dec 21, 2020
3:5
For every 5 shares held, investors received 3. The price per share adjusted from $18.20 to $30.33.
The split itself did not change the total investment value.
Lung Hwa Electronics Co., Ltd. (TWSE:2424) operates in the Electronic equipment/Instruments industry.
Lung Hwa Electronics Co., Ltd. company overviewLung Hwa Electronics Co., Ltd.'s most recent stock split was on December 21, 2020. It was a 3-for-5 reverse split, so shareholders received 3 shares for every 5 they held.
Lung Hwa Electronics Co., Ltd. (TWSE:2424) has split its stock 10 times: a 11-for-10 split on December 23, 1998, a 53-for-50 split on October 21, 1999, a 53-for-50 split on October 26, 2000, a 11-for-10 split on November 16, 2001, a 21-for-20 split on November 25, 2002, a 1011-for-1000 split on December 8, 2004, a 16-for-21 reverse split on March 7, 2007, a 364-for-753 reverse split on September 2, 2008, a 3-for-4 reverse split on April 15, 2011, and a 3-for-5 reverse split on December 21, 2020.
Lung Hwa Electronics Co., Ltd. has split its stock 10 times. This history records 10 splits between December 23, 1998 and December 21, 2020.
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 Lung Hwa Electronics Co., Ltd.'s 3-for-5 reverse split on December 21, 2020, 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.
Lung Hwa Electronics Co., Ltd. has not announced a new split in our records. Its most recent split was on December 21, 2020, 5 years ago. Companies announce splits in advance, and any new TWSE:2424 split will appear on this page.
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