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Video: What is a Stock Split?
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Greenpro Capital is a holding company. Through its subsidiaries, Co. operates and provides a range of business solution services to small and medium-size businesses located in South-East Asia and East Asia, with a focus on Hong Kong, China, Malaysia, Thailand and Taiwan. Co.'s range of services includes cross-border business solutions, record management services, and accounting outsourcing services. Co.'s cross-border business services include, among other services, tax planning, trust and wealth management, cross border listing advisory services and transaction services. Co. also operates a venture capital business through its subsidiary, Greenpro Venture Capital Limited. According to our GRNQ split history records, Greenpro Capital has had 1 split. | |
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Greenpro Capital (GRNQ) has 1 split in our GRNQ split history database. The split for GRNQ took place on July 28, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of GRNQ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Greenpro Capital conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GRNQ split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Greenpro Capital shares, starting with a $10,000 purchase of GRNQ, presented on a split-history-adjusted basis factoring in the complete GRNQ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/14/2018 |
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End date: |
04/26/2024 |
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Start price/share: |
$220.00 |
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End price/share: |
$1.16 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.47% |
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Average Annual Total Return: |
-59.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$52.75 |
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Years: |
5.87 |
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Date |
Ratio |
07/28/2022 | 1 for 10 |
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