ASL Marine tells SGX it has enough financial strength to carry on

ASL Marine has told the Singapore Exchange (SGX) that it is capable of meeting all its significant payment obligations.

The offshore shipbuilder and vessel owner was responding on Friday to a query from SGX. The exchange had expressed concern about how the company, given its liabilities of SGD 521m ($391m) and cash and bank balance of only SGD 21m, would be able to meet its short-term liabilities.