Vard shares surge 13.6% on contract win
By PC Lee / theedgemarkets.com
12 May 2016, 12:12 pm
Vard image from website
SINGAPORE (May 12): Shipbuilder Vard was up as much as 13.6% to 17.6 cents at 11.57am after announcing a contract win.
The company says in a statement it has won a contract worth US$300 million from Topaz Energy and Marine to build 15 module carrier vessels.
The stock recovers sharply from Wednesday's close, which was its lowest level since late February.
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