ASL Marine to hold third meeting with bondholders over debt restructure
SHIPBUILDER and vessel charterer ASL Marine on Wednesday said that it would convene its third informal meeting with bondholders who hold some S$150 million worth of notes on Dec 5, to present the revised proposal for the notes.
The bondholders hold notes sold under two tranches: one series of S$100 million in notes technically due 2017 that paid 4.75 per cent per annum, and a second series of S$50 million notes due 2018 that paid 5.35 per cent per annum.
Shares of ASL Marine last traded at S$0.079.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cordlife customers push for legal action
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Singapore shares retreat at Thursday’s open; STI down 1.1%
Malaysia weighs casino licence to revive Forest City
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022