Chuan Hup Holdings to sell stake in CH Offshore to Falcon for S$95.7m

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.

This came after Falcon Energy on Monday announced a lift in its offer price for each CH Offshore share from S$0.495 in cash to S$0.55 in cash. The offer is made through its wholly owned subsidiary.