Financial Daily from THE HINDU group of publications
Saturday, Jan 31, 2004
Financial Daily from THE HINDU group of publications Saturday, Jan 31, 2004 |
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Corporate
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Announcements Logistics - Shipping Century Text gets shareholders' nod for sale of ships Our Bureau
Mumbai , Jan. 30 CENTURY Textiles & Industries Ltd has informed the Bombay Stock Exchange that shareholders' approval was obtained through postal ballot regarding the board of directors' decision on the proposed sale of the company's remaining two ships — a product tanker of 29,990 dwt built in 1981 and a handymax bulk carrier of 43,815 dwt built in 1994 — and consequential closure of its shipping division. The company, at its meeting held on January 30, thought it in the interests of the company to defer its earlier decision regarding the sale of its handymax bulk carrier for the moment, and take advantage of the favourable market conditions prevailing at present by continuing operations that have been earning attractive revenues for the company.
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