ASL Marine Bolsters Subsidiary Capital Structure

ASL Marine Holdings Ltd. (SG:A04) has released an update.

ASL Marine Holdings Ltd. has increased the issued and paid-up share capital of its wholly-owned subsidiary, PT. ASL Shipyard Indonesia, from $18.8 million to $43.8 million through a new share issuance and capital injection. The capital boost is aimed at strengthening PT ASL’s shipbuilding, repair, and engineering operations, and is not expected to affect the parent company’s net tangible assets or earnings per share for the financial year ending 30 June 2024.

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