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Highway Holdings Limited Announces Closing of $7.0 Million Strategic Investment by David Lazar and Planned Spin-Off of Its Legacy Business to Existing Shareholders
Source: PR Newswire
M&A & RestructuringCapital Returns (Dividends / Buybacks)Company Fundamentals
Highway Holdings announced that existing shareholders will receive its legacy manufacturing business through a pro rata spin-off and a $2.0 million cash dividend. The available article text provides no further terms, timing, or financial details about the transaction.
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