Cemex said on Friday it will carry out a planned share split to boost liquidity on July 1. Cemex shareholders approved the two-for-one share split at a meeting in April. Under the move, stockholders will receive two new Certificate of Ordinary Participation, or CPO -- divided into two series "A", and one series "B" -- for each CPO now held. The split is expected to drive down the price of company shares traded on the Mexican stock market. Published under Cement News
Cemex said on Friday it will carry out a planned share split to boost liquidity on July 1. Cemex shareholders approved the two-for-one share split at a meeting in April. Under the move, stockholders will receive two new Certificate of Ordinary Participation, or CPO -- divided into two series "A", and one series "B" -- for each CPO now held. The split is expected to drive down the price of company shares traded on the Mexican stock market. Published under Cement News
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