Vard Holdings has been removed from the Singapore Exchange after an overwhelming stakeholder approval.
The Singapore-listed shipbuilder's shareholders today voted 96.4% in favor of the voluntary delisting. They together hold 1.02 million shares.
Fincantieri, which holds an 85% stake in Roy Reite-led Vard, is offering SGD 0.25 for each outstanding share it needs to acquire to take the company private.
