Chuan Hup accepts sweetened bid for CH Offshore

Singapore

CHUAN Hup Holdings on Monday said it would sell its 24.7 per cent stake in CH Offshore worth S$95.7 million to Falcon Energy Group, after the latter sweetened the offer.

Falcon, an offshore marine and resources player, on Monday raised its all-cash offer price for each CH Offshore share from 49.5 Singapore cents to 55 Singapore cents.