On Dec 1, 2023, the company announced that it has sought the approval of the SGX-ST for an extension to comply with rule 1315 of the listing manual, where the company may be removed from the exchange if it fails to comply with the exit criteria within the 36-month cure period.
ASL Marine Holdings has applied to the Singapore Exchange (SGX:S68
) Securities Trading Limited (SGX-ST) to exit from the watch-list on Nov 28.
The company was placed on the watch-list on Dec 4, 2019, after recording pre-tax losses for its three most recently completed financial years. At the time, ASL Marine also had an average daily market capitalisation of less than $40 million over the last 6 months.
