Stock Split Announcement: NetEase Inc.
NetEase Inc. announced that their Board of Directors approved a stock split, effective from Friday, October 2, 2020.
Each NetEase shareholder will receive a dividend of four additional shares of common stock for each then-held share. NetEase shares will begin trading on a split-adjusted basis on October 2, 2020.
Since ATFX offers CFDs for NetEase (#NTES) shares, which are derived from NetEase shares on the US Exchange, the shares’ price will also undergo stock split.
Please see the table below for the details of NetEase Inc. Stock Split.
|Product:||NetEase, Inc. CFD|
|Corporate Action:||1:5 stock split|
|Date:||October 2, 2020|
For more information about this market event, you may contact ATFX’s support team from the official website.
Example of trading through the Stock Split
The example below describes how #NTES 5-for-1 stock split affects current holding position
|Type||Volume (Lot)||Open Price||Trade Date|
|Buy||100||475.10||Before October 2, 2020|
|Buy||500||95.02||After October 2, 2020|
All pending orders (Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop) will be DELETED.
In order to ensure the price stability after the stock split and avoid the influence on clients’ trading, the trading hour of #NTES on October 2, 2020 will start on 16:38 (MT4 server time), which will have a 5-minute delay.