Open lowspace opened 3 years ago
In sec website, Corteva, Inc. corresponds to CTVA, and DUPONT E I DE NEMOURS & CO corresponds to CTA-PA and CTA-PB.
Q: why one company can have multiple stock codes? A: This is called weighted voting rights, 「同股不同权」[2] in Chinese. Stocks with weighted voting rights (WVR) are usually known as dual-class stocks. Companies with WVR structure (referred to as “WVR companies” or “dual-class companies”) issue at least two classes of shares with different voting rights ― “class A” shares with one vote per share and “class B” shares with multiple votes per share.[1]
Q: Are DUPONT E I DE NEMOURS & CO and Corteva, Inc. the same company? A: Yes. Andrew has noted
additionally, it’s the result of a 2017 merger between Dow Chemicals and DuPont which were both massive companies established in the 1800's
From Wikipedia, Corteva, Inc. is the agricultural unit of DUPONT E I DE NEMOURS & CO. [3].
Though the three are the same company, Corteva, Inc. consists of the agricultural part of DUPONT E I DE NEMOURS & CO, we may only need to check Corteva, Inc.?
[1]: https://www.hkex.com.hk/-/media/HKEX-Market/News/Research-Reports/HKEx-Research-Papers/2019/CCEO_WVR_201907_e.pdf?la=en
Andrew note