Otto Marine extends trading halt to assess offeror's proposal
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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