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Vard Holdings

VARD Holdings on Monday responded to queries by the Singapore Exchange (SGX), saying that the value of the contract for the design and construction of a krill fishing vessel for Aker BioMarine is about 750 million kroner (S$128 million). The contract was announced on Feb 14. In its reply, Vard said: "The contract is subjected to the buyer obtaining suitable financing, approval from its board of directors, and reaching a satisfactory technical and commercial solution for the krill process...

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