The voluntary delisting proposed on Sept 14, is to reduce dual-listing costs and support long term business growth. It is still subject to shareholder approval at an upcoming EGM.
UOB KayHian analyst Heidi Mo has initiated coverage on ASL Marine with a “buy” call and a target price of 33 cents.
The RatingDog China general manufacturing purchasing managers index (PMI) slipped to 50.6 from 51.2 in September.
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