Monday, October 22, 2018 12:45:15 PM
Trading has been temporarily suspended on the Taiwan Stock Exchange (TWSE) until Friday, October 26. (This isn't the surprise.)
"Why? What's going on?" you ask.
Foxconn is undergoing a capital reduction of about 20%.
What's a capital reduction?
A capital reduction is when a company decreases the amount of shareholder equity through stock cancellations or repurchases. While Foxconn's market capitalization won't change, the number of shares outstanding and available to trade will be reduced.
As reported by Bloomberg, Foxconn said in May it would be taking this action to increase shareholder value and improve its capital structure. Same market cap with fewer outstanding shares means those shares - your shares - will be worth more.
That's great news for existing (and future) shareholders!
Plus, existing shareholders will receive a $0.06 dividend per share held as part of the capital reduction. (Surprise!)
Recent HNHPF News
- 3 Issues To Watch For This Week: Fed, Economic Data, Earnings • IH Market News • 08/14/2023 09:39:05 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM