Moctezuma announces split

Mexico’s cement company Corporación Moctezuma is to make a stock split, seeking to increase liquidity and carry out regulations to keep operating in the Mexico City Stock Exchange (BMV). The cement maker is to divide each security into four new shares. Restructuring and exchange are scheduled for November 25, 2005. Moctezuma’s shares reached a price of P$80 on Thursday, which will be adjusted after the split, giving more liquidity.

Source: El Economista – Valores y Dinero

Mexico’s cement company Corporación Moctezuma is to make a stock split, seeking to increase liquidity and carry out regulations to keep operating in the Mexico City Stock Exchange (BMV). The cement maker is to divide each security into four new shares. Restructuring and exchange are scheduled for November 25, 2005. Moctezuma’s shares reached a price of P$80 on Thursday, which will be adjusted after the split, giving more liquidity.