Volare emerges as second largest shareholder of BBR Holdings following various married deals

Teo Zheng Long07-14 13:15

With the latest filing, Quarz Capital has emerged as the single largest and controlling shareholder at BBR Holdings followed by Volare Group AG.Swiss entity, Volare Group AG, has emerged as the second...

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The total consideration amounts to $12.9 million. This resulted in their stake in the engineering and construction group to increase from the previous 1.35% to 14.69%.\nBack in July 13, BBR Holdings announced that its previous controlling shareholder, BBR Holding AG and executive deputy chairman, Andrew Tan Kheng Hwee, has disposed substantial stake to activist investor Quarz Capital, which resulted in the latter increased its stake in the company to 15.09%.\nWith the latest filing, Quarz Capital has emerged as the single largest and controlling shareholder at BBR Holdings followed by Volare Group AG.\nShares of BBR Holdings closed 1.5 cents higher, or 6.82% up at 23.5 cents on July 14.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651800924","isCrawlerRequest":true}