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    Otto Marine tackles winding up order against subsidiary

    News // April 28, 2015

    Following an announcement made on 25 April 2015, Otto Marine Limited has announced that the company has fully paid up the debt of US$200,000 and EUR 900,000 to the creditor, and the creditor has undertaken to withdraw the application.

    On 25 April, Otto Marine confirmed that it had been informed by Go Marine Group Pty Ltd, a subsidiary of the company, that a creditor of Go Offshore Pty Ltd, a wholly-owned subsidiary of Go Marine, had filed a winding up application with the Singapore High Court.

     

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