World Shipholding Ups Osprey Stake

Tuesday, January 30, 2001
World Shipholding Ltd. acquired about 91.32 percent of the shares in Singapore's Osprey Maritime Ltd. as of the close of its cash offer on Monday. According to Singapore Exchange rules, World now has the discretion to suspend the listing of Osprey's shares after accumulating more than 90 percent of the issued and paid-up ordinary share capital.

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