Saeed Investment Increases Investment in Atlantic Navigation; Shares Up 4%

MT Newswires

03/05

Saeed Investment increased its deemed interest in Atlantic Navigation Holdings (Singapore) (SGX:5UL) to 75.1% from 50.2% through the acquisition of 130 million shares from the company CEO, Bill Wong Siew Cheong, according to a Wednesday filing with the Singapore Exchange.

Shares of the integrated offshore marine logistics services company were up over 4% in Thursday trading.

Saeed is controlled by the company's non-executive chairman, Michael Kum Soh Har.

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