Seanxiao
2022-11-18
这啥意思了
Castor Maritime stock gains 3% after the bell on proposed tanker fleet spin-off
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Castor (CTRM) shareholders will receive two shares of new subsidiary Toro for every five Castor (CTRM) shares held at business close on Dec. 6. The spin-off is expected to enable Castor (CTRM) and Toro to increase focus on their respective businesses, enhance operational efficiencies and facilitate efficient expansion. Also, with the dividend distribution of Toro shares, Castor (CTRM) shareholders will have the flexibility to monetize or adjust equity holdings according to the shipping sectors of their interest. Toro, which will act as the holding company for the spun-off vessels, has applied to list its stock on Nasdaq Capital Market. Castor (CTRM) CEO Petros Panagiotidis has been appointed as CEO of Toro, effective once the spin-off is completed. 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