ASL Marine Boosts Share Capital Ahead of SGX-ST Listing

MT Newswires07-19

ASL Marine (SGX:A04) disclosed an increase in its issued share capital following the exercise of warrants, according to a Thursday filing on the Singapore Exchange.

The company has issued 8.3 million new ordinary shares at SG$0.06 per share, raising the total number of issued shares from 937.7 million to 946.1 million, including 2.5 million treasury shares.

The new shares are set to be listed and quoted on the SGX-ST on July 22. Trading of the new shares is expected to commence at 9 a.m. on the same day.

Following this exercise, there are 252.8 million outstanding warrants, each with an exercise price of SG$0.06, expiring on July 23 at 5:00 p.m.

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