FEG, which is also listed in Singapore, already controls some 205m shares in CH Offshore, or around 29.1% of the company.
It is offering other shareholders SGD 0.495 (38 US cents) per share in an offer which values the company at around SGD 350m ($270m).
The offer represents just a 6.45% premium over the last closing price of CH Offshore shares, before the announcement was made.
The
