ASL Marine Holdings Ltd (A04) announced on Oct, 10 2025 that it has completed a placement of 41,104,000 new shares at 0.1703 Singapore dollars each, raising gross proceeds of 7.0 million Singapore dollars.

The placement was fully subscribed, with institutional and accredited investors such as Lion Global Investors Limited, ICH Capital Pte Ltd, ICAP-SAC, Ginko-AGT Global Growth Fund and Azure Capital taking part.

Proceeds will be used to fund capital expenditures tied to the company’s business expansion plans.

SAC Capital Private Limited served as Placement Agent, while Maybank Securities Pte. Ltd. was the Sub-Placement Agent.

For FY2025, ASL Marine recorded net profit of 14.7 million Singapore dollars, up 291.1% year on year, generated 45.8 million Singapore dollars in net cash from operating activities and posted adjusted EBITDA of 83.7 million Singapore dollars.

The board has proposed a dividend of 0.002 Singapore dollars per share for FY2025, subject to shareholder approval at the upcoming annual general meeting.