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CENTRAL JAPAN RAILWAY CO To Carry Out 5-for-1 Stock Split On September 28th, 2023

moomoo News ·  Aug 22, 2023 19:35

August 23rd - $CENTRAL JAPAN RAILWAY CO (CJPRF.US)$ is about to implement a 5-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from September 28th, 2023.

$CENTRAL JAPAN RAILWAY CO (CJPRF.US)$ rose 3.0% and closed at $124.75 on August 22nd with a turnover of $37,425. $CENTRAL JAPAN RAILWAY CO (CJPRF.US)$ now has a total market capitalization of $24.55 billion.


What Is a Stock Split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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