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ASL Marine: No promise that controlling Ang family will fully take up rights warrants

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Ng Ren Jye

Published Fri, Jun 21, 2019 · 09:50 PM

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Singapore

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.

This is despite having indicated their intention to fully subscribe for those warrants, which will be issued as part of a rights issue.

asl marinerights issue

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