Philly Shipyard ASA (AKRRF) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Philly Shipyard ASA has completed the sale of its operating subsidiary, Philly Shipyard, Inc., to Hanwha for $100 million. The company’s board plans to distribute a substantial portion of the proceeds to shareholders, while also considering the company’s future strategy and structure. An extraordinary general meeting is expected to be called in Q1 2025 to finalize the distribution plan.
For further insights into AKRRF stock, check out TipRanks’ Stock Analysis page.