Singapore's PACC Offshore Services Holdings (POSH) has recovered SGD 3.42m ($2.48m) in a legal battle over a property deal.
The OSV owner said the payment arose from a case involving Kensteel Engineering in liquidation.
In August it won its counterclaim against Kensteel'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).
