PACC Offshore Services Holdings (POSH) is poised to receive almost SGD 4m, having won its counterclaim against Kensteel Engineering's 2017 lawsuit for SGD 30.5m.
In January 2015, POSH entered into a sale and purchase agreement with energy and petrochemical-focused Kensteel to buy a Singapore property, subject to approval from Jurong Town Corp (JTC).
JTC rejected the deal, prompting POSH to seek a SGD 3.8m
