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Pacific Radiance's Indonesian affiliate plans Jakarta listing

Published Fri, Nov 8, 2013 · 10:00 PM
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Singapore

SINGAPORE offshore oilfield services provider Pacific Radiance Ltd and its Indonesian affiliate are looking to list their shares to benefit from rising investor interest in vessel operators expanding in the fast-growing offshore energy sector.

The planned initial public offering (IPO) of affiliate PT Logindo would make Pacific Radiance the second Singapore-based offshore support vessel owner to list its Indonesian arm in Jakarta this year.

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