Notice of 3 Consecutive Years' Losses::Notice of 3 Consecutive Years' Losses

Issuer & Securities

Issuer/ Manager
ASL MARINE HOLDINGS LTD.
Securities
ASL MARINE HOLDINGS LTD - SG1N25909283 - A04
ASL MARINE HLDGS W240723 - SGXN46430124 - WG2W
Stapled Security
No

Announcement Details

Announcement Title
Notice of 3 Consecutive Years' Losses
Date &Time of Broadcast
10-Oct-2019 20:49:07
Status
New
Announcement Sub Title
Notice of 3 Consecutive Years' Losses
Announcement Reference
SG191010OTHRIA8C
Submitted By (Co./ Ind. Name)
Koh Kai Kheng Irene
Designation
Group Financial Controller
Effective Date and Time of the event
08/10/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
ASL Marine Holdings Ltd. refers to Rule 1312 of the Listing Manual and the requirement that, upon recording a pre-tax loss for the third consecutive financial year (based on the audited full year consolidated accounts), an issuer must immediately announce the fact through the SGXNet, providing the information as set out below.

Additional Details

ASL MARINE HOLDINGS LTD. hereby gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at (a) is (b)
a) Date
08/10/2019
b) Latest 6-month average daily market capitalisation
S$30.4 million
The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:
pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.
Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.