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]

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