Torm (TRMD) has released an update.
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TORM plc has expanded its share capital by 417,026 shares due to the delivery of a second-hand MR vessel, furthering its acquisition strategy. The new shares are set to trade on Nasdaq Copenhagen and are subject to a 40-day lock-up period. This move reflects TORM’s ongoing growth in the tanker vessel market.
For further insights into TRMD stock, check out TipRanks’ Stock Analysis page.