Stock Track | Golden Ocean Soars 6.06% After Hours as CMB Tech Acquires Major Stake

Stock Track

03-05

Golden Ocean Group Limited (NASDAQ:GOGL), the shipping company, witnessed a significant after-hours surge of 6.06% on Tuesday, March 4th.

The rally came after CMB Tech NV announced that it has entered into an agreement with Hemen Holding Limited to acquire 81,363,730 shares in Golden Ocean Group, representing a substantial stake in the company.

The acquisition by CMB Tech, a technology company, suggests a potential strategic interest or investment in Golden Ocean's business operations. This news appears to be driving the after-hours price surge, as investors react positively to the prospect of a new major shareholder and potential changes or developments that may arise from this investment.

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