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Published Fri, Jan 3, 2020 · 09:50 PM

PACC Offshore Services Holdings

MAINBOARD-LISTED PACC Offshore Services Holdings (POSH) requested a suspension of trading with effect from 9am on Friday, after the Kuok group's cash offer for its shares closed on Thursday. POSH lost its free float on Dec 11. The offeror, Quetzal Capital, has applied to delist POSH. The offeror and concert parties owned, controlled or agreed to acquire about 96.48 per cent of POSH shares as at the offer's close. The offeror will compulsorily acquire the remaining shares by Jan 28 at the same offer price of S$0.215 apiece.

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