Otto Marine appoints UOB Kay Hian to evaluate strategic options to grow Subsea Services Division

Otto Marine, the offshore marine company which owns and operates a large fleet of offshore support vessels, announced that the group has appointed UOB Kay Hian Holdings to advise the Ggroup on strategic options, aimed to develop the international profile and competitive position of its subsea services unit in the increasingly growing segment. Such options include but are not limited to a potential listing on the on the SGX. The group adds that it remains committed to the business and the review is intended to pursue profitable growth and enhance shareholder value.