Tanjung Offshore trading halted on potential RTO by Bourbon Asia

Tanjung Offshore's suspension of trading in its shares shares for up to three market days could be due to the potential Reverse Takeover (RTO) by Singapore-Based Bourbon Offshore Asia Pte Ltd. An oil and gas analyst told The Edge Financial Daily that he was upbeat on the potential RTO adding that the current charter rates for Offshore Support Vessels (OSV) seemed sustainable with the industry climate being conducive currently.

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