Grindrod Shipping Holdings (GRIN) has released an update.
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Grindrod Shipping Holdings Ltd. is planning a selective capital reduction, offering participating shareholders $14.25 per share to cancel approximately 17.67% of its issued shares. This move, funded by the company’s existing cash reserves, aims to provide shareholders an opportunity to fully exit their investment with a premium cash return. The proposal is subject to approval at an upcoming extraordinary general meeting and various regulatory conditions.
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