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 y

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 ag

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

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.

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) schedu

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).

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 f

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.

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.

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.

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