15 Dec 2014

Voluntary Conditional Cash Offer for CH Offshore Ltd

Partners, Lawrence Tan and Soh Chai Lih, with associates Bernia Tan and Mariana Lesmana, are acting for Energian Pte. Ltd., (the “Offeror”), a wholly-owned subsidiary of Falcon Energy Group Limited (“FEG”), in its voluntary conditional cash offer for the issued and paid-up ordinary shares in the capital of CH Offshore Ltd (“CHO”) other than those already owned, controlled or agreed to be acquired by the Offeror, which values CHO at S$349.2 million based on an offer price per CHO share of S$0.495.

CHO is an offshore support service provider in the oil and gas industry and the CHO group has a track record of over 30 years in providing marine support services to the oil and gas industry worldwide and has customers in Southeast Asia, the Middle East, the Americas, Africa and Russia.

FEG is one of the leading regional players in the offshore marine, and oil and gas sectors. The FEG group is principally engaged in providing a spectrum of services to global oil companies and contractors, from the initial exploration and drilling stage to production and post-production stages with focus on production phase.