PETALING JAYA: PACC Offshore Services Holdings Ltd (POSH), an offshore support vessel (OSV) operator owned by Malaysian billionaire Robert Kuok (pic), will raise at least S$388.27mil (RM1.01bil) from its initial public offering (IPO) on the Singapore Exchange next Friday.
The firm said yesterday in its prospectus that the shares were priced at S$1.15 apiece, near the bottom end of an expected range of between S$1.13 and S$1.24.
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