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Otto Marine Ltd Announces Use Of Proceeds Of The Rights Issue


Wednesday, 7 Aug 2013 06:18am EDT 

Otto Marine Ltd announced that the Company has utilised 100% of its Net Proceeds of SGD62.8 million from the Rights Issue to repay its outstanding bank loan, thereby reducing the levels of leverage and gearing ratio of the Group. None of the Net Proceeds was used for working capital purposes. 

Company Quote

0.042
-0.0020 -4.55%
19 Dec 2014