POSH Semco IPO a catalyst for Maybulk

PETALING JAYA: The impending listing of offshore marine services provider PACC Offshore Services Holdings (POSH Semco) is an added catalyst for shipping firm Malaysian Bulk Carriers Bhd (Maybulk) which owns a 21.23% stake in the company.

In a report last Thursday, HwangDBS Vickers said the plan to unlock value by listing POSH Semco was an “added catalyst” for Maybulk.