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Otto Marine told of potential offer in letter from RHB Securities
Financial adviser intends to submit proposal to board soon but says there's no guarantee of a transaction
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Nisha Ramchandani
Published Thu, Jun 2, 2016 · 09:50 PM
Singapore
FOLLOWING a trading halt on Thursday morning, Otto Marine announced that a potential buyer is eyeing the offshore marine group.
In a release to the Singapore exchange on Thursday afternoon, Otto Marine said that it received a letter from RHB Securities Singapore, the financial adviser to the potential buyer.
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