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Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh ( (AU:CVL) ) has provided an update.
Civmec Limited announced a block sale of 28,383,458 shares at $1.33 per share by its top executives, including Executive Chairman James Fitzgerald, Managing Director Patrick Tallon, and Executive Director Kevin Deery. This sale was driven by interest from new institutional investors, aiming to enhance liquidity and introduce supportive stakeholders to the company. The directors have expressed no intention of further sales, emphasizing their long-term commitment to Civmec, which has experienced significant growth over the years.
More about Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
Civmec Limited is an integrated, multi-disciplinary construction and engineering services provider catering to the Energy, Resources, Infrastructure, and Marine & Defence sectors. Headquartered in Henderson, Western Australia, the company operates regional offices in Newcastle, Gladstone, and Port Hedland. Civmec is listed on the ASX and SGX, offering services such as heavy engineering, shipbuilding, modularisation, and various construction and maintenance solutions.
For a thorough assessment of CVL stock, go to TipRanks’ Stock Analysis page.