Grindrod Shipping Holdings Proposes Selective Capital Reduction
DENVER, Colo., Apr 05, 2024 (247marketnews.com)- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) is asking its shareholders to approve a selective capital reduction, in which GRIN proposes to cancel all the Shares held by the Shareholders, other than the Shares held by GF, and the Participating Shareholders would receive US$14.25 for each Participating Share held that is cancelled as a result of the Selective Capital Reduction.
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