MAINBOARD-LISTED ASL Marine has said that it will dispose of an inactive, loss-making indirect subsidiary in China, which was once involved shipbuilding, to raise working capital.

OFFSHORE and marine group ASL Marine reversed a previous statement that its controlling shareholders, the Ang family, would subscribe for all of their entitlements under a shareholder rights issue.

OFFSHORE and marine group ASL Marine has clarified that its controlling shareholders, the Ang family, will not provide an irrevocable undertaking to fully subscribe for their entitlement of rights warrants.

OFFSHORE and marine group ASL Marine reversed a previous statement that its controlling shareholders, the Ang family, would subscribe for all of their entitlements under a shareholder rights issue.

OFFSHORE and marine group ASL Marine reversed a previous statement that its controlling shareholders, the Ang family, would subscribe for all of their entitlements under a shareholder rights issue.

ASL Marine has received consent from bondholders to extend the maturity dates of their notes, among other changes, at a meeting held on Wednesday, the marine services company disclosed. 

ASL Marine has received consent from bondholders to extend the maturity dates of its notes, among other changes, at a meeting held on Wednesday, the marine services company disclosed.