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Business 29 Apr 2014 | 12:00 AM

Aussie baker rejects M'sian billionaire Robert Kuok's Wilmar offer

SYDNEY: Australian food firm Goodman Fielder has rejected a US$1.2bil (RM3.96bil) takeover bid from Wilmar International Ltd and a Hong Kong-listed investment management firm as too low, but expectations are high that the parties will keep talking.

Business 25 Apr 2014 | 9:33 AM

Robert Kuok's POSH opens at S$1.13 on SGX debut

SINGAPORE: PACC Offshore Services Holdings Ltd shares opened at S$1.13 as they started trading on the Singapore Exchange on Friday, down 1.7% from the initial offering price of S$1.15.

Business 18 Apr 2014 | 12:00 AM

Robert Kuok's POSH aims to raise RM1bil from IPO

PETALING JAYA: PACC Offshore Services Holdings Ltd (POSH), an offshore support vessel (OSV) operator owned by Malaysian billionaire Robert Kuok (pic), will raise at least S$388.27mil (RM1.01bil) from its initial public offering (IPO) on the Singapore Exchange next Friday.

Business 17 Apr 2014 | 2:19 PM

Robert Kuok's POSH priced at S$1.15 per share to raise S$388.3m

KUALA LUMPUR: PACC Offshore Services Holdings Ltd, which is controlled by Robert Kuok, expects to raise about S$388.3mil from its initial public offer on the Singapore Exchange.

Business 17 Apr 2014 | 12:00 AM

M'sian billionaire Quek firms to buy Ezion shares worth RM508mil

SINGAPORE: Singapore-listed Ezion Holdings Ltd, which supplies support vessels for offshore oil fields, said it planned to sell shares to two firms in Malaysia’s Hong Leong Group, raising US$155mil (RM508.4mil) to help expand its fleet.

Business 09 Apr 2014 | 12:00 AM

Robert Kuok's POSH to venture into new markets, buy assets

PETALING JAYA: Malaysian Bulk Carriers Bhd’s (Maybulk) 21.23%-owned associate PACC Offshore Services Holdings (POSH), which is headed for a listing in Singapore by the end of the month, plans to actively expand its fleet to include deepwater accommodation vessels and break into new markets such as Latin America.

Business 08 Apr 2014 | 12:38 PM

Kuok’s US$380mil POSH deal to lift S'pore IPO market

SINGAPORE: PACC Offshore Services Holdings (POSH) has launched the bookrunning process for a Singapore IPO that could raise up to US$380mil – a boost to the city-state's stock market which has seen just one other major main board listing so far this year.

Business 08 Apr 2014 | 10:09 AM

Offshore services firm POSH seeks US$304m to US$334m in IPO

SINGAPORE: PACC Offshore Services Holdings (POSH)is looking to raise between US$304mil and US$334mil in a Singapore listing, according to a term sheet seen by Reuters.

Business 08 Apr 2014 | 12:00 AM

POSH, part of the empire of Malaysia’s richest man Robert Kuok, draws two IPO investors

SINGAPORE: PACC Offshore Services Holdings (POSH), part of the empire of Malaysia’s richest man Robert Kuok, has roped in Hwang Investment Management Bhd and Fortress Capital Asset Management as cornerstone investors for its Singapore listing.

Business 05 Apr 2014 | 12:00 AM

Maybulk unit plans RM1.2bil IPO in Singapore

MALAYSIAN Bulk Carriers Bhd’s (Maybulk) 21.23%-owned associate PACC Offshore Services Holdings (POSH) is planning an initial public offering of up to US$370mil (RM1.21bil) in Singapore, with a good number of the shares going to Malaysian funds, including Hwang Investment Management, sources say.