Otto's fiscal condundrum

SINGAPORE-headquartered Otto Marine has avoided a creditor's axe for now, but analysts fear there could be something darker festering under the surface if paying back just over $US1 million ($A1.25 million) is such a big deal for a company which is "nowhere near" being insolvent.

Otto's fiscal condundrum Otto's fiscal condundrum Otto's fiscal condundrum Otto's fiscal condundrum Otto's fiscal condundrum

Otto's Singapore shares plummeted 9.5% after announcing on Saturday that a creditor had filed a "winding up" application with the country's High Court over a $200,000 debt and £900,000 ($A1.

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