Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake.
Share Capital
The company anticipates global container volume growth of only 2.5%-4.5% in 2024, overshadowed by an 11% increase in shipping capacity.
The company has six-month cure period. If the сompany is unable to regain compliance during the cure period, the NYSE may initiate procedures to suspend and delist the сommon ыtock.
Arising from the transaction, Kingspan has issued 1,004,960 shares to Schramek GmbH.
The price in the public offer will correspond to an equity value of Vinda of approximately HKD 28.3 billion ($3.63 billion).
Previously, Norvik, which controls 90% of the company's shares, made an offer for a public takeover of Bergs Timber AB.
Arctic Paper S.A. has terminated the liquidity provider assignment with Erik Penser and has appointed Carnegie Investment Bank AB as new liquidity provider for the company's shares on Nasdaq Stockholm.