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Vard Holdings
Update
SGX RegCo proposes new delisting rules to protect minority interests
SINGAPORE (Nov 9): The Singapore Exchange Regulation (SGX RegCo) is proposing several changes to its delisting rules for Singapore companies, and expects to implement the new delisting rules next year.
November 09, 2018
VARD announces $840 mil contract win after delay in delisting EGM
SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million) to construct three coast guard vessels for Norway’s Norwegian Defence Materiel Agency (NDMA), an agency directly under the Royal Norwegian Ministry of Defe
June 25, 2018
VARD bags $66 mil contract to build trawler for Norwegian fishery
SINGAPORE (May 24): VARD Holdings has secured a new contract valued at NOK 400 million ($66.4 million) for the design and construction of one stern trawler for Nergård Havfiske AS, which is part of Norwegian fishery Nergård group.
May 24, 2018
In print this week
Will VARD be able to convince its shareholders to say yes to it delisting?
SINGAPORE (May 11): VARD Holdings announced on May 10 that it would submit an updated draft circular for its delisting proposal to the Singapore Exchange for a review. Its major shareholder Fincantieri Oil & Gas has also extended the deadline for the 25 c
May 11, 2018
In print this week
Will VARD minority shareholders turn up in force to stop the company’s delisting?
SINGAPORE (Apr 27): S Nallakaruppan owns 220,800 shares in shipbuilder VARD Holdings and plans to vote against the resolution to delist the company at its extraordinary general meeting (EGM) scheduled for April 30. But he knows there is very little chance
April 27, 2018
Vard wins $67 mil contract to build stern trawler
SINGAPORE (Apr 10): Vard Holdings, the shipbuilder of specialised vessels, has secured a new contract for the design and construction of one stern trawler for up to NOK 400 million ($67.4 million).
April 10, 2018
Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil
SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract val
April 04, 2018
Vard secures contract for fishing vessel construction worth $10.1 mil
SINGAPORE (Mar 15): Vard Holdings has secured a NOK 60 million ($10.1 million) contract for the construction of a fishing vessel for Norwegian-based AS Remøybuen.
March 15, 2018
Results
Vard sees 4Q losses double to NOK 131 mil on lower margins after reassessment
SINGAPORE (Mar 1): Vard Holdings reported a doubling of 4Q17 losses to NOK 131 million ($22.2 million) from its net loss position of NOK 67 million a year ago.
March 01, 2018
Vard wins contract to build car and passenger ferry
SINGAPORE (Jan 5): Vard Holdings, the shipbuilder of specialised vessels, has secured a contract of undisclosed value for the construction of one car and passenger ferry for Boreal in Norway.
January 05, 2018