DredgeWire’s comment:
Before ASL Marine of Singapore bought Vosta almost ten years ago, Vosta’s prior German owner controlled the company via an extremely complicated set of single country and multi country holding companies which the prior owner felt would limit liability but in fact contributed to its problems. DredgeWire saw the corporate structure which was like none other seen for a company of its size.
This dissolution is just one of many similar steps that ASL has taken to simplify the company structure.
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