PACC Offshore to delist from SGX

30 Jan 2020 - Singapore Business Review
Bid vehicle Quetzal capital and its concert parties now hold 96.48% of POSH’s shares. SGX has approved the proposed delisting of PACC Offshore holdings (POSH), according to a bourse filing. Quetzal capital has made a conditional cash offer to buy all of the issued and outstanding shares of POSH in November, ...
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Sugar king Robert Kuok's offer for POSH may not be all that sweet

12 Dec 2019 - The Business Times
MINORITY shareholders of loss-making PACC Offshore Services Holdings Ltd (POSH) have recently received a reminder to accept the voluntary conditional cash offer of S$0.215 a share by Quetzal Capital, an investment vehicle linked to Malaysian billionaire and Asian sugar king Robert Kuok. ... To continue ...
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Stocks to watch: SGX, China Everbright, Cromwell E-Reit, Accordia Golf Trust, POSH

29 Nov 2019 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Friday: Singapore Exchange (SGX): The Singapore Exchange Regulation (SGX RegCo) is formally looking at scrapping the minimum trading price (MTP) rule. The move, coming more than three years after the rule was implemented, ...
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Top three oil & gas stocks averaged total return of 105.3% QTD

20 Nov 2019 - Singapore Business Review
Rex International leads the pack with a total return of 144.9%. The three best-performing energy/oil & gas-related listed stocks have posted an average YTD total return of 95.7% and a QTD total return of 105.3%, according to an SGX report. These firms also saw its market cap exceed $100m. Rex International ...
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POSH appoints Provenance Capital as independent financial adviser in Kuok cash offer

8 Nov 2019 - The Business Times
STRUGGLING offshore and marine services provider PACC Offshore Services Holdings (POSH) has named Provenance Capital the independent financial adviser to the independent directors in the buy-out offer from Malaysian tycoon Robert Kuok’s Kuok group of companies. The board added in a bourse filing on Friday ...
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Kuok Group makes takeover offer for POSH

6 Nov 2019 - Singapore Business Review
It eyes to buy the firm for 21.5 cents per share. Quetzal Capital has made a voluntary conditional cash offer to acquire all 1.81 billion issued and outstanding ordinary shares in PACC Offshore Services Holdings (POSH) for 21.5 cents per share, according to an announcement. The company expressed that ...
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Maybulk to sell POSH stake to shareholders

3 Apr 2018 - The Star Online
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 ...
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POSH posts US$18.38m Q1 loss

4 May 2017 - Business Times Breaking News
OFFSHORE support vessel (OSV) owner-operator, PACC Offshore Services Holdings (POSH) posted a first quarter net loss of US$18.38 million, reversing from a net profit of US$4.45 million for a year-ago period. Loss per share was 1.013 US cents compared to earnings per share of 0.246 US cent. Revenue for ...
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PACC Offshore Services hit by additional S$24.5m claim over failed property purchase

3 May 2017 - Business Times Breaking News
OFFSHORE marine services provider PACC Offshore Services Holdings (POSH) is taking legal advice over an additional S$24.5 million in legal claims in a tussle concerning a property that it failed to acquire. It is also in the process of being sold to another party. Together with the previous claim of ...
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POSH's Q4 loss widens on massive impairments

21 Feb 2017 - Business Times Breaking News
FOURTH quarter net loss for PACC Offshore Services Holdings (POSH) widened to US$345.44 million from US$149.67 million on lower revenue and huge impairments to goodwill and vessels. Loss per share was 19.06 US cents compared to 8.25 US cents for a year-ago period.
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