Cardno Limited (ASX: CDD) announced that the federal Court of Australia has approved the demerger scheme to affect the demerger of Intega Group Limited from Cardno. The demerger was approved by Cardno’s shareholders at the Scheme Meeting and General Meeting which was held on 10th October.
Intega is expected to commence trading on ASX under the code of “ITG” on 22nd October 2019, initially on a deferred settlement basis and Cardno shares will trade on an ex-entitlement basis from 22nd October 2019. The demerger is expected to be implemented on 31st October 2019.
At AEST 01:10 PM, the stock was trading at $0.960 per share, up by 1.053% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.