Stock Info

NYSE:SRL 8.87 +0.01 +0.11% Volume: 16,993 March 5, 2021

Latest Annual Report

Latest News

October 5, 2020 CORPORATE UPDATE

Press Release Details

View all Press Releases

Shareholder and Court Approval of Arrangement With KHD Humboldt Wedag International (Deutschland) AG

03/29/2010

NEW YORK, March 29, 2010 /PRNewswire via COMTEX/ --KHD Humboldt Wedag International Ltd. (the "Company") (NYSE: KHD) is pleased to announce that the shareholders of the Company have approved the proposed plan of arrangement (the "Arrangement") with KHD Humboldt Wedag International (Deutschland) AG ("KID"), whereby the Company will distribute, as a first tranche, 26% of the shares of KID. This is the first step in the restructuring of KHD into two distinct legal entities: (1) a mineral royalty company and (2) an industrial plant technology, equipment and service company.

The Company will now proceed with the required filings with the registrar under the Business Corporations Act (British Columbia). At such time, the Arrangement will become effective and the Company will set out to implement the steps contemplated under the Arrangement.

About KHD Humboldt Wedag International Ltd.

KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the industrial plant engineering and equipment supply industry, and specializes in the cement and mineral industries. To obtain further information on the Company, please visit our website at http://www.khdhumboldt.com.

            Contact Information:
            Allen & Caron Inc.         Rene Randall
            Joseph Allen (investors)   KHD Humboldt Wedag International Ltd.
            1 (212) 691-8087           1 (604) 683-8286 ex 224
            joe@allencaron.com         rene.randall@khd.com
            or
            Len Hall (media)
            1 (949) 474-4300
            len@allencaron.com
            

SOURCE KHD Humboldt Wedag International Ltd.

Communicate with management

Receive Email Alerts

Email Address *
Mailing Lists *




 
Enter the code shown above.