IN THE voluntary liquidation of Safren (Safmarine and Rennies Holdings Limited) - previous owners of Safmarine before its takeover by A.P. Moller - the joint liquidators intend paying a first liquidation dividend of 60 cents per ordinary share on-or-about March 21.
After paying an initial pre-liquidation dividend of 270c/share, the then directors of the company stated that the net asset value of the company would be 80c/share.
And, said the joint liquidators: We are not aware of any reason at this time why the directors' estimate will not be met.
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