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ASL Marine Holdings Ltd. ( (SG:A04) ) has provided an update.
ASL Marine Holdings Ltd. reported a tragic incident at its subsidiary’s shipyard in Batam, Indonesia, where a fire broke out on a Floating Storage and Offloading Vessel undergoing repair. The incident resulted in the deaths of four subcontractor employees and injuries to five others. The company is working with authorities and stakeholders to assist the affected families and has suspended work on the vessel pending investigation.
More about ASL Marine Holdings Ltd.
ASL Marine Holdings Ltd. is a company incorporated in Singapore, operating in the marine industry. It specializes in shipbuilding, ship repair, and conversion services, with a market focus on providing solutions for vessels such as Floating Storage and Offloading Vessels (FSOs).
Average Trading Volume: 600,317
Technical Sentiment Signal: Sell
Current Market Cap: S$57.3M
Find detailed analytics on A04 stock on TipRanks’ Stock Analysis page.