Posted on December 1, 2020
In November the independent auditor of ASL Marine, the parent of Vosta Dredging equipment, cited the company as having a material uncertainty as a “going concern” due to continuing losses and debts on its balance sheet.
ASL, which is publicly traded on the Singapore stock exchange, but is more than 50% owned by the Ang Family, has responded to the auditor’s report with this formal filing of investor Q&A.
The Ang Family noted that management has taken a 40% pay cut.
Read more here: https://aslmarine.listedcompany.com/newsroom/20201125_193146_WG2W_P5RBOFSZWY7VR1W2.1.pdf
