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London-based asset manager MVN ups Vard stake to 6.01%

It acquires another 806,000 shares after buying over 1.19m shares last month

Published Wed, Feb 22, 2017 · 09:50 PM
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Singapore

MVN Asset Management has acquired a further 806,000 shares of Vard Holdings at S$0.27 apiece, boosting its stake in the Singapore-listed yard group to 6.0119 per cent.

Vard said in a filing to Singapore Exchange on Wednesday that the purchase was made on Tuesday.

MVN first emerged as a significant shareholder in Vard on Jan 18 after buying over 1.19 million shares, lifting its s…

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