By Staff Writer, ITWeb
Johannesburg, 04 Sept 2001
CCH, the cash company left after the acquisition of its business by MGX, is to have its JSE listing terminated at the close of trade on 9 October, after which it will be wound up.
The company has disposed of its remaining assets, although the sale of Infracom has not yet become unconditional.
CCH says it will distribute an advance liquidation dividend of 61c per CCH share to shareholders registered at the close of trading on 5 October.
The balance of cash held after all liabilities, liquidation costs and taxes have been settled will be distributed as a final liquidation dividend.
It expects this to amount to about 4c per CCH share.
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