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The latest update is out from American Shipping Company ASA ( (ASCJF) ).
American Shipping Company ASA (AMSC) has announced a significant transaction involving its shares in Solstad Maritime Holding AS (SMH). Aker Capital AS, a subsidiary of Aker ASA and closely associated with AMSC board member Frank O. Reite, has exercised its rights under total return swap agreements to assume SMH shares that AMSC plans to distribute as a dividend-in-kind. This move is part of the preparations for SMH’s listing on Euronext Oslo Børs, potentially impacting AMSC’s market position and shareholder value.
More about American Shipping Company ASA
YTD Price Performance: 29.90%
Average Trading Volume: 1,558
Technical Sentiment Signal: Strong Sell
Current Market Cap: $188.9M
Find detailed analytics on ASCJF stock on TipRanks’ Stock Analysis page.