Proposal of bonus shares to boost trading liquidity

ASL Marine (ASL SP) has proposed a bonus issue of shares in the proportion of 4 bonus shares for every 10 existing ordinary shares to improve trading liquidity of its shares. Under this proposal, up to a total of 120.6m bonus shares will be issued.

The exercise is conditional on approval being obtained from SGX for the listing of these bonus shares on the exchange.

Maintain HOLD, TP would be adjusted to S$0.69 (from S$0.96) on the enlarged share capital base.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia