Grindrod Shipping Holdings (GRIN) has released an update.
Grindrod Shipping Holdings Ltd., a global maritime transport provider, has announced the approval of a Selective Capital Reduction at their recent Extraordinary General Meeting. Shareholders voted in favor of reducing the company’s share capital and returning a sum of cash to participating shareholders at a rate of US$14.25 per share. The reduction is pending approval from the High Court of the Republic of Singapore, with further details provided in a circular filed with the U.S. Securities and Exchange Commission.
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