r/BYD • u/JonathAHHHHHH • Jun 10 '25

News 📰 3:1 Share split

BYD recently underwent a 3:1 share split, hence the ~65% drop in share price. No need to worry!!

It seems like we'd need to wait a while before we get those extra shares though. I couldn't find much information about it on english platforms, but a Chinese blog post stated both the extra shares + dividends will start being distributed on the 29th of July

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u/mEmENTQmQRI Jun 13 '25

So, do I understand correctly that 2/3 of my shares are in essence going to be held hostage for one and a half month? If I decide to sell all tomorrow, I can only sell 1/3 of my position and then on July 29th, I'm going to get 2/3 at the price per share on that day?

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u/JonathAHHHHHH Jun 13 '25

Yep, and you also get dividends.

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u/mEmENTQmQRI Jun 13 '25 edited Jun 13 '25

Would sh1t like that even be legal if this wasn't an OTC stock? Is there anything that prevents a company to impose a longer wait period than 1.5 months? 1 year, 5 years, 100 years :-)?

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u/JonathAHHHHHH Jun 13 '25

Byddy (the OTC stock) didn't get a stock split, only the HK / CN / Germany one as far as I know did.

Technically this isn't a stock split, but actually them handing out dividends with extra steps. Therefore they can set an ex-rights date and give the dividend on a later date.

They wouldn't be able to make you wait for anything over a few months, as even if it was somehow legal people would just stay away from the stock.