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An update from Avance Gas Holding ( (AVACF) ) is now available.
Avance Gas Holding Ltd has announced a Special General Meeting to be held on February 5, 2025, to discuss a significant financial restructuring proposal. The company aims to transfer $446,358,298 from its Share Premium account to its Contributed Surplus account. This move is intended to enhance the company’s capacity to distribute dividends to shareholders, provided the company remains solvent. The proposal reflects a strategic effort to better position Avance Gas in the competitive LPG transportation market by potentially increasing shareholder returns.
More about Avance Gas Holding
Avance Gas Holding Ltd operates within the maritime industry, focusing on the transportation of liquefied petroleum gas (LPG). The company provides shipping services and maintains a market focus on the global energy sector, particularly in LPG transportation.
YTD Price Performance: -0.57%
Average Trading Volume: 30,986
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $608.3M
Find detailed analytics on AVACF stock on TipRanks’ Stock Analysis page.
