The board of directors of PACC Offshore Services Holdings Ltd. announced that as a result of this challenging market condition and the uncertainty when the offshore marine industry will recover, the group carried out a preliminary assessment of the goodwill arising from the acquisition of PSA Marine's offshore business in 2007. Pursuant to the review, the group is of the view that an impairment for part of the goodwill value has to be made, While the value of the goodwill to be impaired is yet to be determined, it is expected that this will have a significant adverse impact on the financial results of the group, for fourth quarter of 2015 and full year 2015, such that it will likely be a loss for the year. There may also be impairment in the company's investment in certain subsidiaries.