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ASL Marine disposes of Indonesian associate company for $4.9 mil

Felicia Tan
Felicia Tan • 2 min read
ASL Marine disposes of Indonesian associate company for $4.9 mil
Based on ASL Marine’s 9MFY2025 results, the disposal will result in a loss of $2.6 million, not including fees and costs incurred.
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ASL Marine Holdings has disposed of its entire stake in PT. Hafar Capitol Nusantara for IDR62.3 trillion ($4.9 million).

A ratified share purchase agreement for the disposal was signed by ASL Marine’s 75%-owned subsidiary, PT. Cipta Nusantara Abadi with purchaser PT. Hafar Daya Samudera. PT. Hafar Capitol Nusantara is a 49%-owned associate of PT. Cipta Nusantara Abadi.

PT. Hafar Capitol Nusantara is a private company incorporated in Indonesia on June 16, 2011 with a registered capital of IDR10.67 trillion. The company is primarily in the business of chartering vessels.

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