ASL Marine Expands Shares Following Warrants Exercise

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

ASL Marine Holdings Ltd. has increased its issued ordinary shares from approximately 845 million to 887 million after allotting over 41 million new shares due to the exercise of warrants. These shares, issued at S$0.06 each, are expected to be listed and commence trading on the SGX-ST on June 27, 2024. The company has nearly 312 million warrants still outstanding, also at S$0.06, set to expire on July 23, 2024.

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