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Stocks to watch: Vard, Singapore Press Holdings
SHIPBUILDER Vard Holdings said on Saturday two affiliates of a customer, E.R. Offshore, have filed for insolvency at a local court in Germany.Consequently, it has terminated two shipbuilding contracts for one platform supply vessel per affiliate, the company said.
Singapore Press Holdings (SPH) has invested S$2 million in a data analysis firm for a 20 per cent stake. DC Frontiers owns and operates the Handshakes app, which applies social network analysis to capital markets. SPH publishes The Business Times.