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Otto Marine
17-03-2016, 06:53 PM,
Post: #31
RE: Otto Marine
what happened today? why otto suddenly up by 19.5%??
No announcement also.

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04-06-2016, 10:17 AM,
Post: #32
RE: Otto Marine
http://www.straitstimes.com/business/com...tto-marine

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04-06-2016, 10:27 AM,
Post: #33
RE: Otto Marine
It will be a good deal for shareholders if a delisting occur.

From its 1Q balance sheet, the company has 1,391 mil of assets (consisting of 650 mil worth of PPE+intangibles), with liabilities of 1,184 mil and shareholder equity of 202 mil. Should the company have to liquidate its PPE+intangibles, a fire sale of 30% discount to PPE+intangible would have wiped out all of shareholder's value.

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08-06-2016, 08:44 PM, (This post was last modified: 08-06-2016, 08:46 PM by new-comer1.)
Post: #34
RE: Otto Marine
Offer of 32 cents has been made

http://www.theedgemarkets.com/sg/article...hareholder

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01-07-2016, 06:05 PM,
Post: #35
Smile  RE: Otto Marine
any receive mail from Otto Marine ?

1 set of "Consent Solicitation Statement" and 1 set of "Disclosure Memorandum"

i got their bonds and interested in the "Early Consent Fee" 0.50% or $1,250 if reply by 11 Jul 16.  Big Grin

otherwise, only get "Normal Consent Fee" 0.30% or $750.

what is the Settlement Conditions the doc referring to ?

actually, the bonds r to expire in 1st Aug; don't know why they just can't wait another 1 month more. Dodgy

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