Drew is acting for Ocean International Capital Limited, the offeror in the proposed voluntary delisting of Otto Marine Limited
10 Jun 2016
Directors Sin Boon Ann, Steven Lo and Yap Siew Ling, and Associate Ng Pei Tong are acting as counsel to Ocean International Capital Limited, the offeror in the proposed voluntary delisting of Otto Marine Limited.
This transaction is expected to close before the end of 2016, and is subject to regulatory approvals and certain specific conditions.
Otto Marine Limited has been listed on the Mainboard of the SGX-ST since 2008 and together with its subsidiaries, are principally engaged in ship-building and ship-chartering activities including vessel construction, repair and conversion, fabrication, management and leasing of vessels as well as sub-sea activities.
You may read the full report in The Straits Times (8 June) and The Business Times (9 June).