SWISS BANK UBS BUYS 2 MILLION SHARES IN NEPTUNE ORIENT LINES
The Swiss bank UBS AG and its group of companies have acquired more than two million shares in Neptune Orient Lines over the past week.
Mutual funds, unit trusts and discretionary accounts managed by UBS AG on behalf of UBS group have increased their combined stake in the Singapore-based shipping and logistics group from 4.97 percent on May 29 to 5.15 percent Tuesday.
The Singapore stock exchange reported purchases of Neptune Orient Lines shares by the UBS group on May 29, May 30, May 31 and yesterday.
Neptune Orient Lines is the parent company of APL.