Otto Marine shareholders back delisting move

Singapore

SHAREHOLDERS of Otto Marine have voted in support of a voluntary delisting offer by executive chairman and controlling shareholder Yaw Chee Siew.

In a poll voting at an extraordinary general meeting on Wednesday, shares representing 98.11 per cent of the 153.82 million shares cast were in favour of the proposed delisting of the offshore & marine (O&M) player. The remaining 1.89 per cent were against, said Otto Marine in a filing to the Singapore Exchange (SGX).