POSH starts pre-marketing for IPO

Singapore: Singapore-based offshore marine services provider PACC Offshore Services Holdings (POSH) has started tapping investors for a listing in Singapore that may raise up to $400m, Reuters reported.

The newswire said pre-marketing will last for two weeks. The company will decide on the formal launch of the IPO shortly.

POSH currently operates 50 vessels in its fleet while another 50 vessels will be delivered over the next three years. [28/02/14]

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