BUZZ-Australia-listed Cardno jumps, co intends to wind up and return cash to shareholders

Reuters
2024-09-16

** Shares of infrastructure and environmental services firm Cardno Ltd rise as much as 11.43% to A$0.390, marking their biggest intraday pct gain since Aug. 1

** CDD, focused on operations in Latin America, touches its highest level since Sept. 9

** CDD says intends to wind up co "in an efficient and timely basis, ideally by June 30, 2025"

** Says will "seek to realise whatever value it can over the next 6 months and return whatever cash it can to shareholders"

** Says did not find any buyer for its Latin America-focused environmental consulting business Entrix America; will continue to explore other options including closing down the business

** CDD up ~150% this year, including current session's moves

(Reporting by Nikita Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10