Otto Marine extends trading halt to assess offeror's proposal
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Singapore
OFFSHORE marine group Otto Marine on Monday evening said it has obtained approval to extend its trading halt by two market days, so that it can convene a board meeting to consider a proposal from an offeror.
Otto Marine had on Monday evening received the proposal for a delisting, which carries certain conditions. This was received from RHB Securities Singapore, the financial adviser to the potential offeror, whose identity remains undisclosed.
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