MBC – with its 21.23% stake – is the second largest shareholder in POSH, after parent Kuok (Singapore), which holds 60.30%.
SINGAPORE (Apr 4): DBS is downgrading its call on PACC Offshore Services Holdings (POSH) to “hold” from “buy” previously with a lower target price of 32 cents.
Malaysian Bulk Carriers (MBC) announced that subsidiary Lightwell Shipping Inc (LSI) is planning to dispose its entire 21.23% stake in POSH to all shareholders of MBC by way of a renounceable restricted offer for sale (ROS).
