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SINGAPORE - Offshore marine group Otto Marine has received a formal acquisition offer for its shares and is likely to become the first firm from the hard-pressed sector to be delisted.
Jun 8, 2016 · Singapore-listed offshore vessel provider Otto Marine has finally revealed the identity of the company aiming to take over its business. A week after it was first reported that Otto has been deemed a takeover target by a company advised by RHB Securities Singapore, Otto Marine on Wednesday revealed that the company in question is ...
Feb 25, 2018 · SINGAPORE - Crippled with a debt of US$877 million (S$1.16 billion), offshore services provider Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company...
Otto Marine Limited is a shipping focused offshore marine group. We own and operate a large fleet of offshore support vessels with a worldwide presence, complemented by a technically proven shipyard located in Batam, Indonesia which provide ship repair, maintenance and conversion to both our fleet and third party customers.
Feb 26, 2018 · Crippled with a debt of US$877 million (S$1.16 billion), offshore services provider Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company and stave off...
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OTTO MARINE LIMITED was incorporated on 5 September 1979 (Wednesday) as a Public Company Limited by Shares in Singapore. The Company current operating status is in liquidation - compulsory winding up (insolvency) with registered address at WILKIE EDGE.
LISTED diversified offshore marine player, Otto Marine said after Wednesday trading hours it has commenced arbitration proceedings through a law firm against Robert Knutzen Shipholdings Ltd (RKSL) for alleged default on charter parties.
OTTO Marine said before trading started on Monday that its Batam-based shipyard subsidiary, PT Batamec, has commenced proceedings in the High Court of Singapore against and caused the arrest of the vessel Ratina Blessing.
OFFSHORE marine player Otto Marine, which has been delisted from the Singapore Exchange, will be redeeming its US$70 million of outstanding notes in full by Oct 21. In a press release on Wednesday, the offshore vessel-builder said noteholders are entitled to redeem the principal and interest accrued to the delisting redemption date in full from ...
