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Charter extensions worth up to US$458m buoy Vallianz shares

Stock closes 15.4% up at S$0.06 but price is still less than half of S$0.133 a year ago


BUYERS poured into shares of offshore vessel owner Vallianz Holdings on Monday following news that it had extended the charter contracts for several of its boats in the Middle East for up to US$458 million, albeit at lower charter rates.

Catalist-listed Vallianz said in a