Singapore's 'Popiah King' may anchor Pacific Radiance's S$120m rescue deal

Observers feel that at least for now, "high net worths" are likely to outnumber institutional funds in the O&M equity space

Published Tue, May 29, 2018 · 09:50 PM

pacific radiance

Singapore

SINGAPORE'S "Popiah King" may emerge as the next prominent business magnate in town to extend rescue financing to a listed company in the embattled offshore and marine (O&M) sector.

The Business Times understands that talks have been ongoing between Sam Goi - Singapore's 10th wealthiest on the Forbes Singapore Rich List 2017 - and Pacific Radiance over a deal that could see the tycoon anchor an equity raising exercise for the firm.

Mr Goi, who is also executive chairman of listed GSH Corp, is understood to be travelling and did not respond to BT's request for comments as of press time. Pacific Radiance also did not respond to a request for comments. But sources said that the founder of the world's largest popiah skin maker…