Shareholders of Singapore-listed shipbuilder Vard Holdings will again vote on majority owner Fincantieri Oil & Gas’s proposal to delist the company at an extraordinary general meeting that is scheduled for 24 July.
Fincantieri, which holds an 85% stake in Vard, is offering minority shareholders SGD 0.25 ($0.18) for each of the outstanding shares it needs to acquire to take the company private.
