Otto Marine on Monday evening said it has obtained approval from the Singapore Exchange for an extension of its trading halt by two market days.
This is to enable the company to convene a board meeting to consider the proposal from an offeror and to make an announcement thereafter.
On Monday, Otto Marine received a privatisation offer from RHB Securities Singapore, the financial adviser to the undisclosed potential offeror.
Last Friday at 7pm, Otto Marine had received a request from RHB requesting the board maintain the trading halt for one more day until Monday.
Shares of Otto Marine last traded at 23 cents.
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This is to enable the company to convene a board meeting to consider the proposal from an offeror and to make an announcement thereafter.
On Monday, Otto Marine received a privatisation offer from RHB Securities Singapore, the financial adviser to the undisclosed potential offeror.
Last Friday at 7pm, Otto Marine had received a request from RHB requesting the board maintain the trading halt for one more day until Monday.
Shares of Otto Marine last traded at 23 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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