Robert Kuok’s Singapore-listed PACC Offshore Services Holdings (POSH) could be hit with an impairment charge of up to $42m, following the default of its 50%-owned joint venture on $27.6m worth of debt. The joint venture is POSH Terasea, which the company operates with troubled Ezion Holdings as...
https://splash247.com/posh-warns-on-troubled-joint-venture-with-ezion/