OttoMarineSvc n7%17   

Latest Annoucement

Don' t think this is even listed anymore, but an update nonetheless...

Go Marine Group goes into administration http://splash247.com/go-marine-group-goes-administration/

 

$ credited into acc today....luckily owner take it private. Didn't sell my share though, just received the paper script

 

the bond will be matured by 1st Aug 2016, heard the company didn' t make plan to borrow $ (or prepare to issue new bond/rights) to pay off the existing bond holders, the plan is to take the company private then owner will borrow from RHB to pay the bond holders, they are currently requesting for half a year extension

 

http://infopub.sgx.com/FileOpen/Otto%20Marine%20Limited%20-%20Commencement.ashx?App=Announcement& FileID=380659

Need some adv on the impact.... thanks!