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ASL Marine seeks more time to hold AGM, release Q1 2017 results
ASL Marine Holdings is seeking a one month extension to Nov 30 to hold its annual general meeting for the financial year ended June 2016.
It cited that the firm needed more time to obtain a commitment letter from its capital providers in providing new facility loans to the group for its short-term requirements. This letter, it said, was necessary for the finalisation of the financial statements and annual report for FY2016.
ASL Marine has also applied to the Singapore Exchange for one month extension to release its first quarter results ended Sept 2016 to Dec 14.
As the company is required to compare certain financial information in first quarter FY2017 results against the FY2016 audited financial statements, ASL Marine said it was prudent to release the 1Q results after the FY2016 audited statement is issued.