Oct 08, 2012
31:60
For every 60 shares held, investors received 31. The price per share adjusted from $1.64 to $3.17.
The split itself did not change the total investment value.
FORTUNE ORIENTAL CO., LTD. (TWSE:2491) operates in the Semiconductors industry.
FORTUNE ORIENTAL CO., LTD. company overviewFORTUNE ORIENTAL CO., LTD.'s most recent stock split was on October 8, 2012. It was a 31-for-60 reverse split, so shareholders received 31 shares for every 60 they held.
FORTUNE ORIENTAL CO., LTD. (TWSE:2491) has split its stock 7 times: a 141-for-100 split on June 14, 2000, a 3-for-2 split on September 11, 2001, a 166-for-399 reverse split on September 8, 2006, a 169-for-207 reverse split on January 17, 2008, a 323-for-474 reverse split on November 16, 2009, a 238-for-569 reverse split on November 18, 2010, and a 31-for-60 reverse split on October 8, 2012.
FORTUNE ORIENTAL CO., LTD. has split its stock 7 times. This history records 7 splits between June 14, 2000 and October 8, 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 FORTUNE ORIENTAL CO., LTD.'s 31-for-60 reverse split on October 8, 2012, every 60 shares became 31 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
FORTUNE ORIENTAL CO., LTD. has not announced a new split in our records. Its most recent split was on October 8, 2012, 14 years ago. Companies announce splits in advance, and any new TWSE:2491 split will appear on this page.
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