Corporate digest

ASL Marine

ASL Marine will host informal meetings with holders of its outstanding medium-term notes on Sept 18. Its S$95 million outstanding series 006 notes and S$47.5 million series 007 notes, both of which are traded over the counter, have a last ask price of 55 cents to the dollar as at Friday.

Chairman Christopher Chong wrote to note holders that the group's recovery from the business down cycle is taking longer than expected, and management does not expect the ship-building segment to improve by much in the next year.The group requires revolving credit facilities and trade lines from lenders to do more ship-repair work, he said.