PETALING JAYA: Malaysian Bulk Carriers Bhd
(Maybulk) plans to sell its entire 21.23% stake in Singapore-listed PACC Offshore Services Holdings Ltd (POSH) to its own shareholders, as the firm seeks to raise cash to pay for new vessels and cut down its debts.
At an indicative price of 88 sen a share, the disposal will raise RM340mil for Maybulk.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
