Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
BW LPG Ltd ( (GB:0QIX) ) has issued an update.
BW LPG, a Singapore-registered company listed in Oslo and New York, remains subject to both U.S. and Norwegian take-over rules after regulators declined its bid to streamline oversight. The company had sought exemption from Norwegian mandatory and voluntary offer provisions, arguing that a single U.S. regime would offer sufficient shareholder protection and greater clarity, but Norway’s Financial Supervisory Authority rejected the request, while Singapore’s Securities Industry Council confirmed a waiver from Singapore’s take-over code that will stay in force regardless of the Norwegian decision. As a result, there is no change to the current regulatory framework for corporate control of BW LPG, preserving the existing dual U.S.-Norwegian take-over regime that governs potential bids and major shareholder actions affecting investors.
The most recent analyst rating on (GB:0QIX) stock is a Buy with a NOK150.00 price target. To see the full list of analyst forecasts on BW LPG Ltd stock, see the GB:0QIX Stock Forecast page.
More about BW LPG Ltd
BW LPG is the world’s leading owner and operator of liquefied petroleum gas (LPG) vessels, operating a fleet of more than 50 Very Large Gas Carriers, including 22 LPG dual-fuel vessels. With over five decades of LPG shipping experience, an in-house LPG trading division and investments across the LPG value chain, the company focuses on providing reliable global LPG sourcing and delivery services, and is associated with BW Group, a major maritime player with extensive oil, gas, and renewables interests.
Average Trading Volume: 449,466
Current Market Cap: NOK21.3B
For a thorough assessment of 0QIX stock, go to TipRanks’ Stock Analysis page.