Singapore: Offshore operator Pacific Radiance has released its prospectus as it looks to list on the Singapore Stock Exchange. The company is offering 171.9m shares at 90 cents each.
Of these, 5m shares will be available to the public, while 163.4m will be placed out to investors.
The remaining shares will be set aside for Pacific Radiance's independent directors, employees, and business associates.
Pacific Radiance’s vessels comprise offshore support vessels, namely, anchor handling tugs, anchor handling tug supply vessels, multi-purpose support vessels and platform supply vessels, as well as accommodation work barges, diving support vessels, special carrier vessels and tugs and barges. [08/11/13]