Oct 27, 2016
7:10
For every 10 shares held, investors received 7. The price per share adjusted from $14.90 to $21.29.
The split itself did not change the total investment value.
Cathay Real Estate Development Co., Ltd. (TWSE:2501) operates in the Homebuilding industry.
Cathay Real Estate Development Co., Ltd. company overviewCathay Real Estate Development Co., Ltd.'s most recent stock split was on October 27, 2016. It was a 7-for-10 reverse split, so shareholders received 7 shares for every 10 they held.
Cathay Real Estate Development Co., Ltd. (TWSE:2501) has split its stock 4 times: a 53-for-50 split on July 3, 1997, a 21-for-20 split on July 4, 1998, a 21-for-20 split on July 2, 1999, and a 7-for-10 reverse split on October 27, 2016.
Cathay Real Estate Development Co., Ltd. has split its stock 4 times. This history records 4 splits between July 3, 1997 and October 27, 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 Cathay Real Estate Development Co., Ltd.'s 7-for-10 reverse split on October 27, 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.
Cathay Real Estate Development Co., Ltd. has not announced a new split in our records. Its most recent split was on October 27, 2016, 9 years ago. Companies announce splits in advance, and any new TWSE:2501 split will appear on this page.
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