SINGAPORE - Singapore-listed marine and offshore services firm Ausgroup said on Friday it has been informed that a party has acquired a substantial shareholding of about 6.9 per cent in the company.
Substantial shareholdings are generally defined as a stake of 5 per cent or more in a company.
Ausgroup is "in the process of verifying such information", it said in a filing to the Singapore Exchange (SGX). The filing was in response to a query from the bourse regarding unusual price movements in Ausgroup.
The party, which Ausgroup did not name, has also suggested exploring strategic collaboration opportunities with Ausgroup, the company said.
"The company is currently considering such proposals and, where appropriate, intends to engage such party in discussions, and will provide further updates in due course," it added.
On Thursday, Ausgroup's share price jumped six cents, or 16.9 per cent, to 41.5 cents.