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Malaysia’s richest man bids to privatise POSH

Robert Kuok’s businesses back an offer that prices POSH shares at a 97.2% premium to their last traded price on October 30. If this offer goes through, it will pave the way for the delisting of yet another offshore player from the Singapore Exchange

POSH is one offshore support vessel ripe for privatisation given it is anchored by the Kuok Group, the business empire of Malaysia’s richest person

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