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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.

Business 08 Mar 2014 | 12:00 AM

Poser on identity of AP holders

THE list of companies with approved permits (APs) is a closely guarded secret. It is not on the official websites of the International Trade and Industry Ministry (Miti), Health Ministry, Domestic Trade and Consumer Affairs Ministry and Agriculture and Agro-Based Industries Ministry, which are among the 10 ministries enforcing these export controls. (A search on the latter site drew this response: “You do not have the roles required to access this portlet.”)

Business 01 Mar 2014 | 12:00 AM

Maybulk to gain from POSH listing

AFTER a slight delay, the listing of PACC Offshore Services Holdings – Malaysian Bulk Carriers Bhd’s 21.23% associate – is finally getting off the ground.

Business 28 Feb 2014 | 12:00 AM

POSH begins pre-marketing for US$400mil IPO in S'pore

SINGAPORE: Offshore marine services provider PACC Offshore Services Holdings (POSH), part of the business empire of Malaysia’s richest man Robert Kuok (pic), has begun tapping investors for a listing in Singapore that may raise up to US$400mil (RM1.3bil), two sources said yesterday.

Property 26 Feb 2014 | 12:00 AM

Property the top wealth driver in China

BEIJING: Real estate remained the most lucrative road to riches in China last year, according to the Hurun Global Rich List, despite Beijing’s repeated efforts to cool red-hot property prices.

Business 20 Feb 2014 | 1:17 PM

Combined wealth of 40 richest M’sians surges 11.7% to RM217.8bil

KUALA LUMPUR: The combined wealth of Malaysia's 40 richest individuals surged to RM217.82bil as at Jan 18, 2014, rising 11.73% from RM194.86 billion a year ago, says Malaysian Business in its Feb 16 issue.

SME 20 Feb 2014 | 12:00 AM

Dreaming beyond borders

More needs to be done to put Malaysia on map for venture capitalists.

Business 14 Feb 2014 | 12:00 AM

Hail fellow, well met

Greetings have special significance to the Chinese during the New Year.