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Vard shares jump, prompting query From SGX

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Vard shares jump, prompting query From SGX

PC Lee Published on Mon, Oct 10, 2016 / 12:39 PM GMT+8

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SINGAPORE (Oct 10): Shares of Vard jumped as much as 13.9% on Monday, prompting a query from the Singapore Exchange.

The stock price surge followed a 5.2% rise in its shares on Friday after the unit of Italian shipbuilder Fincantieri said that a previously announced contract to build two luxury vessels for German cruise company Hapag-Lloyd Cruises had been confimed.

(See also: Vard receives LOI to design, build two luxury liners for Hapag-Lloyd Cruises)

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