Nov 11, 2019
11:20
For every 20 shares held, investors received 11. The price per share adjusted from $8.90 to $16.18.
The split itself did not change the total investment value.
LEOFOO DEVELOPMENT CO., LTD. (TWSE:2705) operates in the Hotels/Resorts/Cruise lines industry.
LEOFOO DEVELOPMENT CO., LTD. company overviewLEOFOO DEVELOPMENT CO., LTD.'s most recent stock split was on November 11, 2019. It was a 11-for-20 reverse split, so shareholders received 11 shares for every 20 they held.
LEOFOO DEVELOPMENT CO., LTD. (TWSE:2705) has split its stock 8 times: a 11-for-10 split on September 9, 1994, a 6-for-5 split on July 31, 1998, a 10-for-9 split on August 7, 1999, a 21-for-20 split on August 4, 2000, a 21-for-20 split on August 2, 2001, a 1007-for-987 split on December 9, 2011, a 1027-for-1000 split on August 29, 2016, and a 11-for-20 reverse split on November 11, 2019.
LEOFOO DEVELOPMENT CO., LTD. has split its stock 8 times. This history records 8 splits between September 9, 1994 and November 11, 2019.
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 LEOFOO DEVELOPMENT CO., LTD.'s 11-for-20 reverse split on November 11, 2019, every 20 shares became 11 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
LEOFOO DEVELOPMENT CO., LTD. has not announced a new split in our records. Its most recent split was on November 11, 2019, 6 years ago. Companies announce splits in advance, and any new TWSE:2705 split will appear on this page.
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