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± MixedCapitalrelevance
Stock split aims to lower per-unit price and boost liquidity, but impact on value is neutral.
SWCC, a manufacturer of electric wires and cables, announced on the 31st that it will implement a 1-for-5 stock split effective October 1, with September 30 as the record date. The move aims to lower the amount per investment unit, enhance stock liquidity, and further expand its investor base.
Stock split aims to lower per-unit price and boost liquidity, but impact on value is neutral.