Asia
Capital raising exercise for PACC Offshore Services Holdings
Kuala Lumpur: PACC Offshore Services Holdings (POSH), a subsidiary of the Kuok-controlled Pacific Carriers, is looking to raise US$150m through the issuance of redeemable convertible preference shares to “assist POSH in meeting its capital expenditure and/or investment opportunities,” the company said in a release. “POSH is constantly seeking to expand its business in the face of market changes and opportunities,” the release added. [16/11/12]