Grindrod Shipping Holdings (GRIN) has released an update.
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Grindrod Shipping Holdings Ltd., a global maritime transportation provider, has received court approval from Singapore’s High Court for a selective capital reduction. This move will decrease the company’s issued share capital and result in $49.6 million being returned to participating shareholders at $14.25 per share. The strategic capital adjustment aims to streamline the company’s share structure and enhance shareholder value.
For further insights into GRIN stock, check out TipRanks’ Stock Analysis page.
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