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
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM