Monday, October 10, 2005

Update on WBL

This blog last featured conglomerate WBL on 13 Sept 05 (at S$3.40) in a posting entitled "Sometimes they don't add up, do they?". In a filing with the exchange today, it was revealed that Third Avenue Management LLC is a substantial shareholder in WBL. According to the announcement, Third Avenue currently holds 5.06% of WBL on behalf of several portfolios. WBL closed today at S$3.52.



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