CIMB answers queries on latest advisory letter in Vard takeover bid
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Annabeth Leow
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Singapore
THE independent financial adviser in Vard Holdings' proposed delisting has given its reasons for using certain benchmarks in the company's latest circular to shareholders.
CIMB Bank, which is advising on controlling shareholder Fincantieri's bid to take the shipbuilder private, replied on Wednesday to two shareholder queries that Singapore Exchange Regulation (SGX RegCo) had asked Vard and the bank to address.
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