Grindrod facing delays with separate listing of shipping unit, but still positive about H1 …

Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially expected, the company said on Tuesday. However, the JSE-listed company noted that work was continuing and, based on current timing estimates, Grindrod aims to make its final determination on the proposed international listing in the early part of this year.