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Singapore-listed shipbuilder faces court charges against two Australian units

Total claims amount to $817,157.

Otto Marine, builder of ships that service offshore oil and gas facilitiies, is seeking advice and plans to dispute a court action filed by three creditors to wind up its subsidiaries in Australia.

A Bloomberg report says Otto Marine is facing three applications with the Supreme Court of Western Australia to wind up Go Inshore Pty and Go Marine Group Pty amounting to A$787,204 (S$817,157).

The cases will be heard on November 8.

Here's more from Bloomberg.



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