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Avance Gas Restructures Share Premium Account

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Avance Gas Restructures Share Premium Account

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Avance Gas Holding ( (AVACF) ) has provided an update.

Avance Gas Holding Ltd has announced a significant financial restructuring decision following a Special General Meeting. The shareholders resolved to reduce the company’s Share Premium account from over $446 million to nil, transferring this amount to the Contributed Surplus account, a move that could impact its financial flexibility and stakeholder interests.

More about Avance Gas Holding

YTD Price Performance: -2.28%

Average Trading Volume: 29,252

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $560.9M

Find detailed analytics on AVACF stock on TipRanks’ Stock Analysis page.

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