SINGAPORE: PACC Offshore Services Holdings (POSH), part of the empire of Malaysia’s richest man Robert Kuok (pic), has roped in Hwang Investment Management Bhd and Fortress Capital Asset Management as cornerstone investors for its Singapore listing, which sources close to the matter said could raise about US$400mil (RM1.31bil).
The two cornerstone investors would take up 85.6 million shares, according to the company’s preliminary prospectus.
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