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An update from American Shipping Company ASA ( (ASCJF) ) is now available.
American Shipping Company ASA (AMSC) is undergoing liquidation and holds a significant stake in Solstad Maritime ASA (SOMA). AMSC has decided to distribute its shares in SOMA as a dividend-in-kind to its shareholders, contingent upon SOMA’s listing on Euronext Oslo Børs. This move marks a strategic shift as AMSC will cease trading, and its shares will be traded ex-dividend from 7 May 2025.
More about American Shipping Company ASA
YTD Price Performance: 22.43%
Average Trading Volume: 1,090
Technical Sentiment Signal: Strong Sell
Current Market Cap: $187.8M
See more insights into ASCJF stock on TipRanks’ Stock Analysis page.