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ASL Marine gets three-year breather from noteholders

Holders of two notes, valued at S$150m, promised higher coupon rates in return for deferment

ASL Marine managing director Ang Kok Tian (left) with independent director Christopher Chong. Mr Ang hinted at raising impairment charges, while Mr Chong sees ASL Marine as gaining a better position after its debt restructuring to expand its market share.


NOTEHOLDERS of mainboard-listed ASL Marine on Friday voted in support of the proposed restructuring of the company's two medium term notes issuances, a move towards unlocking its cash flows for the purpose of riding the next sectorial upswing.

Holders of the two MTN...

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