Posted on February 11, 2022
“ASL Marine Holdings Ltd. (the “Company” was placed on the watch-list (the “Watch-list”) pursuant to Rule 1311(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the “Listing Manual”) on 4 December 2019 since it recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts) and an average daily market capitalisation of less than S$40 million over the last 6 months.
The Company remains on the Watch-list as at the date of this announcement as the Company did not meet the exit criteria.”
