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Otto Marine jumps on chairman's delisting offer

Fri, Jun 10, 2016 - 5:50 AM

Jamie Lee leejamie@sph.com.sg@JamieLeeBT

Singapore

SHARES of Otto Marine jumped on Thursday, after executive chairman and controlling shareholder Yaw Chee Siew proposed a voluntary delisting that valued the offshore and marine player at about S$68 million.

Mr Yaw, who owns 61.2 per cent of Otto, offered to buy out the...

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