The owner of Pacific CarriersLtd (PCL) is seeking to list the shares in Singapore in a deal potentially worthup to SGD500m ($395m), Reuters reports.
Unconfirmedreports say the offering is expected to be launched in September or October ina deal expected to value the company at $1bn.
Bankof America Merrill Lynch, DBS Group and OCBC are the bookrunners, said Reutersquoting unnamed sources.
POSHSemco owns and operates a fleet of more than 100 vessels, providing support foroffshore oil and gas activities.
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