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Why delist when oil is up. Fishy
brchkho1 ( Date: 08-Jun-2016 19:50) Posted:
NAV should be USD0.9772
brchkho1 ( Date: 08-Jun-2016 19:46) Posted:
NAV US0.9775 at SG0.32? It' s daylight robbery lah!
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don't forget there was share conso 20-1 right? inconceivable that the offer price is only 32ct! if not taken over, high chance it will climb above that price with oil prices rebounding
NAV should be USD0.9772
brchkho1 ( Date: 08-Jun-2016 19:46) Posted:
NAV US0.9775 at SG0.32? It' s daylight robbery lah!
darocupcake ( Date: 08-Jun-2016 19:38) Posted:
| The ceo also accept must be some sinister planned long ag |
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Hope sgx reject
brchkho1 ( Date: 08-Jun-2016 19:46) Posted:
NAV US0.9775 at SG0.32? It' s daylight robbery lah!
darocupcake ( Date: 08-Jun-2016 19:38) Posted:
| The ceo also accept must be some sinister planned long ag |
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NAV US0.9775 at SG0.32? It' s daylight robbery lah!
darocupcake ( Date: 08-Jun-2016 19:38) Posted:
The ceo also accept must be some sinister planned long ago
edwinjup ( Date: 08-Jun-2016 19:36) Posted:
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The ceo also accept must be some sinister planned long ago
edwinjup ( Date: 08-Jun-2016 19:36) Posted:
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Offer price super low...
Really make retailer lost like mad
darocupcake ( Date: 08-Jun-2016 19:26) Posted:
Sian offer price so damn low
waters ( Date: 06-Jun-2016 23:18) Posted:
Why so secretive, no mention of the offer price and who is the offeror?!?!
I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping
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Sian offer price so damn low
waters ( Date: 06-Jun-2016 23:18) Posted:
Why so secretive, no mention of the offer price and who is the offeror?!?!
I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping
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Offer price 0.32 sucks
pepperfox ( Date: 08-Jun-2016 09:57) Posted:
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watch today. :)
Wondering anyone notice Mr Yaw' s 60.95% holding in OTTO are held under trusteeship of RHB Bank Nominees and RHB Securities. Now RHB is representing a " secretive buyer" , who could he be?
waters ( Date: 06-Jun-2016 23:18) Posted:
Why so secretive, no mention of the offer price and who is the offeror?!?!
I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping
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Suppose offer price no good that is why keep secret...if good will early early announce loh....eg CM pacific Osim Inter Roller NOL and HTL loh....
waters ( Date: 06-Jun-2016 23:18) Posted:
Why so secretive, no mention of the offer price and who is the offeror?!?!
I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping
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Why so secretive, no mention of the offer price and who is the offeror?!?!
I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping
OTTO MARINE LIMITED
(Unique Entity Number: 197902647M)
(Incorporated with limited liability in the Republic of Singapore on 5 September 1979)
HOLDING ANNOUNCEMENT - UPDATE The board of directors (the &ldquo Board&rdquo ) of Otto Marine Limited (the &ldquo Company&rdquo ) refers to its holding announcement of 6 June 2016 (&ldquo Holding Announcement&rdquo ). The Company has this evening received a proposal in relation to a de-listing, which carries certain conditions, from RHB Securities Singapore Pte Ltd (RHB), the financial adviser to the potential offeror. In this regard, the Company had requested and obtained approval from the Singapore Exchange Securities Trading Limited for an extension of its trading halt by 2 market days, to enable the Company to convene a board meeting to consider the said proposal and to make an announcement thereafter. Shareholders are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests. The directors of the Company (including those who have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly.
By Order of the Board
Michael See Kian Heng
Group Chief Executive Officer & Group Executive Director
6 June 2016
http://infopub.sgx.com/FileOpen/OML_HoldingAnnouncement-Update.ashx?App=Announcement& FileID=408046
Nav 2016 is 90+ US cents. Dun think someone will offer abv $1
kktiong ( Date: 06-Jun-2016 21:44) Posted:
Ya agreed, so hope to recover abd reduce lost. The NAV is above $ 1 based on end 2015 so maybe u get $1 haha or more or fat hope
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Ya agreed, so hope to recover abd reduce lost. The NAV is above $ 1 based on end 2015 so maybe u get $1 haha or more or fat hope
Given it has consolidated and price drop ard half after consolidate means retailer who bought before consolidation will suffer a great loss. I wonder what kind of price was offered. No matter what the offer is biggest loss is still retailer
darocupcake ( Date: 06-Jun-2016 21:37) Posted:
News say to delist and they are calling for board meeting to convene
kktiong ( Date: 06-Jun-2016 21:34) Posted:
Annoucement out liao at 9.15 pm confirmed received proposal from RHB n request another two days to convene BOD mtg. Cheers and hope is good news and huat
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News say to delist and they are calling for board meeting to convene
kktiong ( Date: 06-Jun-2016 21:34) Posted:
Annoucement out liao at 9.15 pm confirmed received proposal from RHB n request another two days to convene BOD mtg. Cheers and hope is good news and huat
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