ASL Marine (SGX:A04) allotted and issued 29,237,500 shares pursuant to the same number of warrants at an exercise price of SG$0.06 per share, according to a filing with the Singapore Exchange on Friday.
Following the exercise of warrants, the number of issued ordinary shares of the company has increased from 886,982,701 ordinary shares to 916,220,201 ordinary shares.
Following the exercise of warrants, there are 282,689,053 outstanding warrants, expiring on July 23.
ASL Marine shares were up 2% recently.
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