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The company completed a 10-for-1 stock split in June to make shares more affordable. Server manufacturer Super Micro Computer (NASDAQ: SMCI) has been an even bigger beneficiary of the AI boom.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Nippon Paper Industries Co., Ltd. (日本製紙グループ株式会社, Nihon Seishi Gurūpu Kabushiki-gaisha) is a Japanese paper manufacturing company. The company's stock is listed on the Tokyo and Nagoya Stock Exchange and on the Osaka Securities Exchange. The stock is also constituent of the Nikkei 225 stock index. [3]
Domtar Corporation is a North American pulp and paper company that manufactures and markets wood fiber-based pulp and paper products. The company operates pulp mills and paper mills in Windsor, Quebec; Dryden, Ontario; Kamloops, British Columbia; Ashdown, Arkansas; Hawesville, Kentucky; Plymouth, North Carolina; Marlboro County, South Carolina; and Kingsport, Tennessee.
For example, with a 2:1 stock split, the number of shares increases by two times while the share price is divided by two. With a reverse stock split, that calculation is effectively flipped.
The Tamil Nadu Newsprint and Papers Limited (TNPL) [3] is a company that was established by the Government of Tamil Nadu [4] to produce newsprint and writing paper using bagasse, a sugarcane residue. The Government of Tamil Nadu listed the paper mill in April 1979 under the provisions of the Companies Act of 1956.
Today, the company employs over 15,000 employees globally with 9 manufacturing hubs. Notably, the company's Dongguan facility is the world's largest concentrated paper mill with 15 paper machines producing 5.25 million tonnes of products. Many of Nine Dragons' facilities are also supported with in-house power plants, ports, and trucking.
South African Pulp and Paper Industries Limited was founded in 1936. [9] The company is now known as Sappi and is headquartered in Johannesburg, [10] [11] It produces and sells commodity paper products, pulp, dissolving pulp, and forest and timber products for Southern Africa and export markets. [12]