Independent journal on economy and transport policy
07:18 GMT+2
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B+H Ocean Carriers announces delisting from NYSE Amex and the landing place at the market which did not order
The assembly of the shareholders has approved of the effettuazione of reverse a stock split
November 23, 2011
B+H Ocean Carriers (BHO), company that work a fleet of six ships Hours Bulk Oil carrier (OBO) constructed between 1992 and 1994, have announced that yesterday the assembly of the shareholders has approved of a proposal of grouping of the actions in the relationship of an action for every 101 actions that will be carried out next monday.
Moreover yesterday BHO has notified to NYSE Amex the cancellation from the list of Stock exchange of the actions of the company, escape after which such actions will be contracted on the market over-the-counter.
BHO has specified that it is continuing own program of cost reduction that - second the forecasts - the next year will allow to more diminish of 20% the general and administrative costs without to carry out some reduction of the resources dedicated to the operating activity.
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B+H Ocean Carriers (BHO), company that work a fleet of six ships Hours Bulk Oil carrier (OBO) constructed between 1992 and 1994, have announced that yesterday the assembly of the shareholders has approved of a proposal of grouping of the actions in the relationship of an action for every 101 actions that will be carried out next monday.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
