Share Consolidation

Share Consolidation

Share Consolidation主就是将某个数量的股票，合拼为一股。
意思就是说合拼后的股价会调高，但价值依然保持不变。

打个比方，你现在手上持有 1000 units @ RM0.41/unit 的股票，所以你的手上股票的总价值为 RM410。之后公司决定进行股票合拼，要把 10 units 的股票合拼为 1 unit。

所以现在股价就会从原本的 RM0.41/unit 调高到 RM4.1/unit，然而你手上持有的股票数量也从原本的 1000 units 调整至 100 units, 但是你的股票总价值依然保持在 RM410 (RM4.1 x 100 units)。

如果你在 Ex-date (2 Nov 2020) 之前持有这只 VIVOCOM(现在已改名为Vinvest) 的股票，那么在 Entitlement Date (3 Nov 2020) 的时候，你手上的股票数量和每股价格就会进行调整。

总的来说，市场普遍上都会把股票合拼视为利空（引起股票价格下跌的因素和消息）

Share Consolidation Overview

Consolidation of shares is a corporate action where a company reduces the number of outstanding shares by combining the shares and increasing the face value. This is also known as a reverse stock split. The company notifies the shareholders through email before the stock consolidation.

Example

• Initially hold 1000 units @ RM0.41/unit, total value RM410.

• After consolidation (10 units into 1), share price rises to RM4.1/unit.

• Hold 100 units post-consolidation, total value remains RM410 (RM4.1 x 100 units).

Impact Timing:

• Ex-date: Before consolidation announcement.

• Entitlement Date: Adjustment of shares and prices.