Cardno (AU:CDD) has released an update.
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Cardno Limited is in the process of winding up its operations and plans to delist from the ASX to minimize costs. The company has been returning cash to shareholders, distributing $90.6 million over the past 24 months, and aims to distribute an additional $2.5 million to $5 million as it exits its South American operations. Cardno’s focus is on efficient closure and returning maximum value to shareholders by mid-2025.
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