SINGAPORE: The Kuok Group has launched an offer to take Singapore-listed PACC Offshore Services Holdings (POSH) private at S$0.215 (RM0.654) per share in cash.
In a statement, Quetzal Capital Ltd – the bid vehicle formed by certain members of the Kuok group of companies, namely Kuok (Singapore) Ltd, Kuok Brothers’ wholly-owned Trendfield Inc, and Kerry Holdings’ wholly-owned Merry Voyage Ltd – announced it was making a voluntary conditional cash offer for all of the issued and outstanding ordinary shares of POSH.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
