Grindrod Shipping Holdings (GRIN) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Grindrod Shipping Holdings Ltd. has announced the finalization of a Selective Capital Reduction process approved by the High Court of the Republic of Singapore, with a cash distribution of US$14.25 per share to be paid to participating shareholders. Trading of the company’s shares will be suspended on NASDAQ and JSE prior to the Effective Date of 16 August 2024, and shareholders will receive their cash distribution in USD or the ZAR equivalent. The company is set to delist from both NASDAQ and JSE by the end of August 2024.
For further insights into GRIN stock, check out TipRanks’ Stock Analysis page.
