Even though Share Sub Division does not affect the value of Share, it make positive impact to Share price mainly due to Investors speculation on higher liquidity.
We have seen this with ASPH, now CIC and also TESLA, APPLE in NASDAQ.
ASPH is highly speculative share and circumstances were much different to CIC.
However CIC has strong performance in 1H and expected to do well in future. So my opinion is this subdivision will have a very positive effect on share price of CIC in coming days.