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American Shipping Company ASA ( (ASCJF) ) just unveiled an update.
American Shipping Company ASA (AMSC) is in the process of liquidation and has announced the distribution of its shares in Solstad Maritime ASA (SOMA) as a dividend-in-kind to its shareholders. This move follows the approval of SOMA’s listing on Euronext Oslo Børs. The distribution is set to occur before SOMA’s shares begin trading on the exchange, with the final liquidation payment to include proceeds from any remaining shares sold.
More about American Shipping Company ASA
YTD Price Performance: 25.00%
Average Trading Volume: 1,017
Technical Sentiment Signal: Strong Sell
Current Market Cap: $188M
For detailed information about ASCJF stock, go to TipRanks’ Stock Analysis page.