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The latest announcement is out from Philly Shipyard ASA ( (AKRRF) ).
Philly Shipyard ASA has announced adjustments to its liquidation process, maintaining its plan to distribute approximately USD 10.4 million to shareholders by Q2 2025. The company will defer its final liquidation until the expiration of an escrow period, during which USD 10 million will be held as security for contingent liabilities. The company plans to delist from the Oslo Stock Exchange, convert into a private limited company, and continue minimal operations to manage reporting obligations and facilitate cash distributions.
More about Philly Shipyard ASA
Philly Shipyard ASA is a company involved in the shipbuilding industry. It primarily focuses on constructing vessels and has been undergoing a liquidation process following the sale of its operational arm, Philly Shipyard, Inc., to Hanwha.
Average Trading Volume: 26,202
Current Market Cap: NOK145.3M
For detailed information about AKRRF stock, go to TipRanks’ Stock Analysis page.