Robert Kwok’s offer to take Singapore OSV player PACC Offshore Services Holdings (POSH) private has gone unconditional.
OCBC Bank, which is acting for privatization vehicle Quetzal Capital, said the offeror has received valid acceptances for 90% of POSH shares.
“As the acceptance condition has been satisfied, the offer is hereby declared to be unconditional in all respects,” OCBC said.
