ASL Marine (SGX:A04) allotted and issued 12,288,100 shares pursuant to the exercise of the same number of warrants at an exercise price of SG$0.06 per share.
The new shares are expected to be listed and quoted on July 24, according to a filing with the Singapore Exchange on Monday.
Following the exercise, the number of issued ordinary shares of the company has increased from 946,059,456 ordinary shares to 958,347,556 ordinary shares.
Shares of the company were up nearly 5% in recent trading.
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