Company Comment
Trencor confirms distribution and tries to unlock further value
Trencor will be left with its substantial net cash holdings of about R1.7bn
11 May 2020 - 18:24
There was just a small ripple to buoy the share price of Trencor, the former container-leasing giant that is now in a prolonged winding down process.
On Monday, Trencor moved to unlock further value by confirming the distribution (by a dividend in specie) of its remaining 5.3% stake in New York Stock Exchange-listed container management group Textainer...
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