Here are the upcoming stock splits for the week of February 17 to February 21 in the Hong Kong market. For additional details on stock splits in the UK and US markets, visit TipRanks’ Stock Splits Calendar.
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A stock split is a financial move when a company issues more shares to its existing shareholders while reducing the price per share. Consequently, the total value of the investment remains the same for a shareholder. Similarly, the overall market capitalization of the company remains the same both before and after the split.
Stock splits are often done to make shares more affordable to small investors and increase liquidity.
On the other hand, in a reverse stock split, a company reduces the total number of outstanding shares by consolidating them. Despite this reduction, the company’s market capitalization remains unchanged because the share price increases proportionally to balance the consolidation. It is also known as stock consolidation and is often used to boost the stock price, which can help meet listing requirements or improve the stock’s perception in the market.
Let’s take a quick look at the upcoming stock splits in Hong Kong for this week.
China Tower Corporation Ltd. (HK:0788) – State-owned China Tower offers telecommunications tower infrastructure services, including construction, maintenance, ancillary facilities management, etc. In November 2024, the company announced a one-for-10 reverse stock split for its existing shares. This move is part of a broader initiative to adjust the board lot size for trading on the Hong Kong Stock Exchange, reducing it from 2,000 shares to 500 shares per lot. The stock is set to begin trading on a split-adjusted basis on February 20.
IDT Intl (HK:0167) – IDT International focuses on manufacturing, and selling stylish lifestyle electronics and smart wearable devices. In January, IDT proposed a one-for-60 reverse stock split as part of its capital reorganization. It includes adjusting the board lot size for trading from 6,000 shares to 18,000 shares. The capital reorganization will take effect on February 20.
Zhongshi Minan Holdings (HK:8283) – Based in Singapore, Zhongshi Minan Holdings offers a wide range of passenger car services, including maintenance, repair, modification, and more. On January 9, the company proposed a one-for-50 reverse stock split for its existing shares to be effective on February 20. With this share consolidation, the board plans to reduce the lot size to 1,000 shares from the lots of 5,000 shares.
To learn about historical and upcoming stock splits in different markets, visit the TipRanks Stock Splits Calendar.
