BUZZ-Australia's Wellard hits near 8-year high on vessel sale

Reuters

01-14

BUZZ-Australia's Wellard hits near 8-year high on vessel sale

** Wellard WLD.AX surges as much as 112.3% to A$0.155, highest since April 12, 2017

** Stock set for strongest trading session since July 2024

** Livestock vessels and livestock supplier to sell its remaining livestock vessel MV Ocean Drover for $50 mln in cash to Meteors Shipping SA

** Intends to return all proceeds to shareholders at ~15 Australian cents per share plus an additional capital return of any surplus cash on hand after the sale

** Expects to complete sale in July 2025

** Stock has more than doubled YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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