Kuok Group offers to take POSH private


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.

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