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Singapore based parent of VOSTA Dredges comments on financial results for latest fiscal year

Posted on August 30, 2022

ASL Marine Holdings Ltd. (the “Company”, and together with its subsidiaries, the “Group”) was placed on the watch-list (the “Watch-list”) pursuant to Rule 1311 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 pursuant to Rule 1314 of the Listing Manual (the “Exit Criteria”), (read with Practice Note 13.2 Watch-List) on 30 June 2022.


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