CDD cardno limited
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News: CDD Cardno To Demerge Quality, Testing And Measurement Business From Consulting Business

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    21/08/19
    11:15
    Post #: 40072945

    Aug 21 (Reuters) - Cardno Ltd (CDD) :

    • ANNOUNCED ITS INTENTION TO DEMERGE ITS QUALITY, TESTING AND MEASUREMENT BUSINESS FROM ITS CONSULTING BUSINESS
    • DEMERGER IS PROPOSED TO OCCUR BY WAY OF A SCHEME OF ARRANGEMENT AND CAPITAL REDUCTION
    • DEMERGER WILL RESULT IN TWO INDEPENDENT ASX LISTED ENTITIES, CARDNO LIMITED AND INTEGA GROUP LIMITED
    • DEMERGER IS EXPECTED TO BE COMPLETED IN FIRST HALF OF 2020 FINANCIAL YEAR.
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