Tuesday, July 30, 2013

POSH Semco seeks IPO in Singapore

SINGAPORE: Offshore marine services provider POSH Semco, controlled by Malaysia’s richest man Robert Kuok, is seeking to list shares in Singapore in a deal worth S$300mil to S$500mil, sources said.

The deal was expected to be launched in September or October, two people with direct knowledge of the deal told Reuters.

POSH Semco’s market capitalisation was expected to reach nearly US$1bil after its shares were listed, one of the sources said.

POSH Semco, a member of the Kuok Group, did not respond to a Reuters request for comment.


The sources declined to be identified because the information has not been made public.

POSH Semco owns and operates a fleet of more than 100 vessels, providing support for offshore oil and gas activities.

The deal will follow the recent initial public offerings of exploration firms KrisEnergy Holdings Ltd and Rex International Holding Ltd in the Singapore market.

Singapore is home to the world’s two biggest rig builders, Keppel Corp Ltd and Sembcorp Marine Ltd, as well as smaller oil services companies like Ezion Holdings Ltd.

The deal comes amid a pick-up in listings on Singapore’s stock exchange, including those of OUE Hospitality Trust and SPH REIT.

One source said the figures were preliminary as the deal had yet to be launched and that POSH Semco had not determined how existing and new shares would be sold in the initial public offering (IPO).

Bank of America Merrill Lynch, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd are the bookrunners, the sources said. All three of the banks declined to comment.

Pacific Carriers Ltd, another company backed by Kuok, sealed a joint venture deal with Dubai’s indebted Drydocks World last year. — Reuters



Source/Extract/Excerpts/来源/转贴/摘录: thestar.com.my
Publish date: 30/07/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock