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(Post 101 of 279)   08/22/2003.18:21:42
Author :
Sipost
ASL MARINE HOLDINGS LTD

DISCLOSURE PURSUANT TO RULE 704(11) OF LISTING MANUAL


Pls view announcement here.

(Post 102 of 279)   09/01/2003.16:48:13
Author :
Investeer
People forgot about the good news? It is climbing today again!

(Post 103 of 279)   09/02/2003.09:15:09
Author :
Investeer
UP UP and away!!!

(Post 104 of 279)   09/05/2003.09:47:40
Author :
Investeer
UP UP UP!
Reaching my own target already. You guys enjoy the ride!!!

(Post 105 of 279)   09/16/2003.09:08:43
Author :
Sipost
ASL MARINE HOLDINGS LTD

REPLY TO QUERY REGARDING TRADING ACTIVITY


Pls view announcement here.

(Post 106 of 279)   09/18/2003.00:38:04
Author :
Sipost
ASL MARINE HOLDINGS LTD

REQUEST FOR SUSPENSION OF TRADING IN SHARES


Pls view announcement here.

(Post 107 of 279)   09/18/2003.10:46:28
Author :
Physicon
Would appreciate if any "expert" could comment on the latest results. Seems to be a bit of correction going on in this sector at the moment.

(Post 108 of 279)   09/18/2003.16:40:11
Author :
Sipost
ASL MARINE HOLDINGS LTD

Unaudited Full Year Financial Statement And Dividend Announcement


Pls view announcement here.

(Post 109 of 279)   09/18/2003.16:42:03
Author :
Sipost
ASL MARINE HOLDINGS LTD

REQUEST FOR LIFTING OF SUSPENSION OF TRADING IN SHARES


Pls view announcement here.

(Post 110 of 279)   09/18/2003.17:13:05
Author :
Sipost3
ASL Marine Holdings Ltd

Investors Forum


The management of ASL Marine Holdings Ltd ("ASL Marine") is pleased to announce that ASL Marine has set up an online Q&A forum at shareinvestor.com ("SI") following the release of the Group’s full year financial results today.

To view the results, please click below:
- Group's full year financial results

ASL Marine will take questions from investors until 22nd September 2003 (Monday) and the management will reply on 24th September 2003 (Wednesday).

Kindly note that as a public company, the management will not be allowed to make market-sensitive comments such as forecasts of earnings and turnover.

For the purpose of this online Q&A, this discussion thread is now open to all SI registered users.

Yours sincerely,
The SI Team

=====================================================================

About ASL Marine

ASL Marine is an integrated marine company principally involved in shipchartering, shipbuilding, shiprepair and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe.

Headquartered in Singapore, the Group owns and operates two shipyards in Singapore and Batam, providing a comprehensive range of marine engineering services spanning myriad sectors/industries. Equipped with a young fleet of 107 vessels, ASL Marine has also carved a niche in providing shipchartering services to the marine and offshore infrastructure sector.




(Post 111 of 279)   09/18/2003.17:21:11
Author :
Sipost3
ASL Marine shores up 28% growth in
full year net profit to $9.1 million


• Group has an outstanding order book of $71 million
• Associated company recently made big push into the oil and gas sector with a $127 million coal-carrying contract

Singapore – 18 September 2003 – ASL Marine Holdings Ltd (“ASL Marine”), the integrated marine company with facilities bases in Singapore and Batam, Indonesia, today reported a sterling set of financial results for the year ended 30 June 2003.

For the year under review, net attributable profit surged 28% to $9.1 million compared to $7.1 million previously. This was achieved on the back of a revenue of $78.9 million, up 22% compared to the previous year.

Based on the weighted average number of shares, earnings per share climbed 13% to 5.4 cents compared to 4.8 cents previously while net tangible asset value per share rose 17% to 25.3 cents from 21.6 cents.

For FY2003, ASL Marine’s overall gross profit rose by 23% to $14 million, reflecting an improvement of gross profit margin to 17.7%, from 17.6%. This was due mainly to improved gross profit margins from shiprepairs and other marine-related services as well as shipchartering and rental operations.

To reward shareholders, directors have recommended a first and final one-tier tax-exempt dividend of 1.4 cents per ordinary share to be paid to shareholders on 18 December 2003.

For the 12 months ended 30 June 2003, ASL Marine’s core business areas of shipbuilding, shiprepair and shipchartering contributed 44%, 18% and 38% to Group turnover and 16%, 40% and 44% to gross profit, respectively.

Segmental Highlights for FY2003

Shipbuilding

Revenue for shipbuilding operations increased 32.5% to $35.1 million from $26.5 million in FY2002. This was attributable to revenue recognition for the construction of nine tugboats and 24 barges in FY2003, compared to five tugboats and 29 barges in the previous year.

It is noteworthy that ASL Marine secured projects amidst competitive pricing pressures in FY2003. This, together with the increase in steel prices, resulted in lower gross profit margins for these projects, which ultimately impacted gross profits for shipbuilding in the later part of FY2003. The division reported a gross profit of $2.2 million for the year under review, registering a decline of $1.7 million compared to FY2002.

Shiprepair

Revenue for shiprepair and other marine-related activities dipped 14.7% to $14.1 million for FY2003. In the same year, gross profit increased from $3.5 million to $5.6 million while gross profit margin grew from 21.4% to 39.9%. These significant improvements were due to a higher proportion of higher value-added repair jobs which generally commanded higher margins.

Shipchartering

The Group’s revenue for shipchartering and rental operations surged 38% from $21.6 million in FY2002 to $29.7 million in FY2003. This was primarily due to a robust demand from existing and new customers in the marine and offshore infrastructure sector.

Riding on the growth wave in the shipchartering sector, ASL Marine posted a gross profit of $6.2 million, an increase of 59% from FY2002. Gross profit margin grew in tandem from 18.3% in FY2002 to 20.8% in FY2003. The marked improvement was due to stronger demand from the marine and offshore infrastructure sector, a trend which enables the Group to garner better pricing for its chartering and rental services.

“Our established reputation and sound fundamentals have enabled us to enjoy continued profitability across all our business divisions, with Shiprepair and Shipchartering being the key growth drivers. With the expected completion of our drydocking facility in Batam in 2H FY2004, we are confident that revenue for shipyard operations will grow in tandem with the increase in drydocking capabilities and capacity. Coupled with the buoyant shipchartering market, ASL Marine is in good competitive shape to further entrench its position in the shipbuilding, shiprepair and shipchartering arena in the region,” said Mr Ang Kok Tian, Chairman and Managing Director, ASL Marine.

Industry Prospects

The local marine industry has experienced increasing resilience over the last few years. According to the Association of Singapore Marine Industry, the Singapore marine sector achieved a record turnover of $4.4 billion in the year 2002.

With its recognised track record and strong fundamentals, ASL Marine is well poised to tap growth opportunities in the positive business environment. The Group’s order books are expected to remain healthy with some spillover into FY2005.

Going Forward

Shipyard Operations

As at 30 June 2003, the Group has an outstanding order book of $58.2 million for shipbuilding. These projects are expected to be completed or substantially completed within FY2004 with some spillover into 1H FY2005. Gross profit margins for FY2004 are expected to be comparable to that for FY2003.

Demands from the marine and offshore infrastructure, the offshore oil and gas and energy sectors are expected to remain strong.

Shipchartering

In addition, ASL Marine has an order book of $12.5 million of chartering contracts. The majority of these contracts are long-term or project-based. However, a significant portion of shipchartering revenue is short-term and ad-hoc in nature.

Furthermore, the Group’s associated company, ASL Energy Pte Ltd (“ASL Energy”), recently secured a $127 million contract to transport coal in Indonesia waters over the next five years.

Recognising the higher gross profit margin and sustainability of its shipchartering operations, ASL Marine has embarked on an aggressive fleet expansion programme. Inclusive of ASL Energy, the Group expects 45 new vessels, worth a total of $47.5 million, to be completed and progressively delivered by FY2005.

Once delivered, these new vessels will provide an additional income stream to the Group. Pending the delivery of these newbuildings, ASL Marine will continue to charter third party vessels to supplement its existing fleet of 48 tugboats and 59 barges.

“Going forward, the Group will expand its geographical coverage by strengthening its presence in the regional markets which present opportunities in the marine infrastructure, the offshore oil and gas and the energy sectors. Marine infrastructure projects include the building of terminals and land reclamation,” added Mr Ang.

About ASL Marine

ASL Marine is an integrated marine company principally involved in shipchartering, shipbuilding, shiprepair and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe.

Headquartered in Singapore, the Group owns and operates two shipyards in Singapore and Batam, providing a comprehensive range of marine engineering services spanning myriad sectors/industries. Equipped with a young fleet of 107 vessels, ASL Marine has also carved a niche in providing shipchartering services to the marine and offshore infrastructure sector.

(Post 112 of 279)   09/18/2003.19:36:39
Author :
Sipost3
Dear Investors

We have updated the full year financial statement for ASL Marine in our Investor Relations page. You can view it here.

(Post 113 of 279)   09/18/2003.22:29:12
Author :
Sipost
ASL MARINE HOLDINGS LTD

PRESS RELEASE - ASL Marine shores up 28% growth in full year net profit to $9.1 million


Pls view announcement here.

(Post 114 of 279)   09/20/2003.16:09:40
Author :
Sipost
ASL MARINE HOLDINGS LTD

ANALYST BRIEFING - Financial results for full year ended 30 June 2003


Pls view announcement here.

(Post 115 of 279)   09/21/2003.21:22:41
Author :
Civico
Dear Management,

I would like to congratulate the team for the outstanding performance.

Following are my questions :

1. Which specific region will the group be expanding in the near
future ?

2. Can you discuss how nhas the prospects of ASL Marine changed
since IPO ? Thanks.

(Post 116 of 279)   09/22/2003.13:35:18
Author :
Chevelot
Dear Management,

What is the group short-term strategic plans? Of the current customers' base, what is the % of contribution from repeat customers?Thanks.

(Post 117 of 279)   09/22/2003.17:00:20
Author :
Passion
Dear Management,

Looking at the current two shipbuilding & shiprepair facilities locations, when & where is the group targetting to have the third one?

(Post 118 of 279)   09/22/2003.17:07:00
Author :
Lizhaotian
Dear Mgt,

Congratulations for the good results posted! To make a more educated investment in the coy, I would like to ask:

1) There is a signifcant amt of forex losses on the income statement. Could you care to explain, and what measures are taken to hedge against forex flunctuation? What would be the impact in light of current issue of more flexible exchange rate?

2) On allownace, substantial Allowance is made for doubtful trade recievables. Any precautions taken to reduce this provision? In 2002, allowance for forseeable losses was $(639)k; in 2003,allowance reversed for forseeable losses was $19K, does it mean there was a loss of $620k in 2002

3) You are awared of the competitive pressure from cheaper shipbuiilding/shiprepairing countries like China. Is there any plans of acquiring shipyards in China? What are the competitive advantages compared of having shipyards in the region to service regional trades?

Thank you.

(Post 119 of 279)   09/22/2003.17:29:22
Author :
Empire
Hi Management,

Congrats for the latest set of financial results!
Has the group set targets for ROE & ROA? What are the long-term targets of ROE & ROA for the company? Thanks.

(Post 120 of 279)   09/22/2003.22:44:25
Author :
Xon
Dear Management,

ASL Marine is in the shipchartering business. Why do you need to charter 3rd party vessels? When you need additional vessels, who do you charter them from? Thanks.

(Post 121 of 279)   09/22/2003.23:11:17
Author :
Guru2
Hi management,

In what other way has the increase in steel prices affected your margins? What actions have you taken to mitigate the effects of the rising steel price?

(Post 122 of 279)   09/22/2003.23:19:35
Author :
Guru2
Hi,

One more question...What is the average age of your vessels? What is the industry standard?

(Post 123 of 279)   09/23/2003.00:04:15
Author :
Gerofloor
Hi management,

How many of your vessels are chartered to the offshore oil and gas market? Which segment of the offshore oil and gas sector does ASL service? Have you received more enquiries during this recent marine boom time? What percent of the enquiries is from Oil and Gas?

(Post 124 of 279)   09/23/2003.00:23:27
Author :
Plentymoney
Dear management,

Congrats! Can you explain why is there a huge jump in your trade receivables between this financial year and the previous one? Thks..

(Post 125 of 279)   09/23/2003.08:18:14
Author :
Hello7
Hi director,

Apology for my late posting. Hope my question can be taken in for answering. Would you consider moving your shipyards to China where costs are generally lower, as what some other marine companies have done? Thanks.

(Post 126 of 279)   09/24/2003.18:50:31
Author :
Aslmarine
Q&A with Investors


Dear users,

Thank you very much for the questions and the opportunities to clarify them. We hope you have a better understanding of our business through this online exchange.

Your questions will be reposted in blue italics followed by our replies in black.

Rgds,
The Management Team
ASL Marine Holdings Ltd

(Post 127 of 279)   09/24/2003.18:56:34
Author :
Aslmarine
Civico, you wrote:

Dear Management,
I would like to congratulate the team for the outstanding performance. Following are my questions :
1. Which specific region will the group be expanding in the near
future ?


Specifically, the Group is currently looking to strengthen its presence in regional markets such as Asia and the Middle-East.

2. Can you discuss how nhas the prospects of ASL Marine changed since IPO ? Thanks.

After the IPO, the Group’s prospects have become more positive.
Customers feel more secured and comfortable with the Group and that has enabled the Group to secure more and higher value contracts with foreign customers.

Further, being a public listed Company has made it easier for the Company to attract and retain talents, thereby enhancing our various competencies.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 128 of 279)   09/24/2003.19:00:01
Author :
Aslmarine
Chevelot, you wrote :

Dear Management,

What is the group short-term strategic plans? Of the current customers' base, what is the % of contribution from repeat customers?Thanks.

In the short term, the Group plans to expand its geographical coverage especially in Asia and the Middle-East. These include the chartering of tugboats and barges to support the various marine infrastructure projects, support services for the offshore oil and gas sector and the transportation of energy (eg. Coal).

The Group also looks into the business opportunities for the shipbuilding and shiprepair division to provide their services to the above-mentioned sectors in these regional markets.

Contribution from repeat customers represent more than 90% of the Group’s total revenue.

Regards,
The Management Team
ASL Marine Holdings Ltd


(Post 129 of 279)   09/24/2003.19:02:35
Author :
Aslmarine
Passion, you wrote :

Dear Management,

Looking at the current two shipbuilding & shiprepair facilities locations, when & where is the group targetting to have the third one?

The Group is continuously looking into further maximization of the Group’s existing facilities in both Singapore and Batam. The Group is cautious towards capital expenditure that are not mobile as these expenditure will increase the Group’s fixed overhead.

However, the Group will look into the setting up of additional facilities where there is a sustainable demand for the Group’s services.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 130 of 279)   09/24/2003.19:08:11
Author :
Aslmarine
Lizhaotian, you wrote :

Dear Mgt,
Congratulations for the good results posted! To make a more educated investment in the coy, I would like to ask:
1) There is a signifcant amt of forex losses on the income statement. Could you care to explain, and what measures are taken to hedge against forex flunctuation? What would be the impact in light of current issue of more flexible exchange rate?


A substantial portion of the Group’s shipbuilding revenue is denominated in USD and certain equipment purchases are in EURO. As the Group does not practice any active hedging previously, the Group suffered a significant loss when USD weakens and EURO strengthens. Currently, the Group practices natural hedge through the matching of the currency for both revenue and costs. Where natural hedge is not possible, the Group will execute a forward buy/sell contract to hedge the net foreign exchange exposure.

2) On allownace, substantial Allowance is made for doubtful trade recievables. Any precautions taken to reduce this provision? In 2002, allowance for forseeable losses was $(639)k; in 2003,allowance reversed for forseeable losses was $19K, does it mean there was a loss of $620k in 2002

$0.8 million allowance for doubtful receivables was made for both long outstanding receivables and receivables under dispute. The Group has recently instituted more regular credit reviews to monitor the receivables collection. Further, as part of credit control, the Group procures goods and services from existing customers. In so doing, net exposure to the Group is reduced.

The allowance for foreseeable losses of $0.6 million in FY2002 are estimates of the losses that the Group expects to incur for four projects that were expected to be completed in FY2003 or FY2004 whereas the reversal of allowance for foreseeable losses pertains to reversal of “excess” allowance for two projects completed in FY2003.

3) You are awared of the competitive pressure from cheaper shipbuiilding/shiprepairing countries like China. Is there any plans of acquiring shipyards in China? What are the competitive advantages compared of having shipyards in the region to service regional trades?

In terms of pricing, the Group’s shipyard in Batam is in a position to compete with the shipyards in China. As such, the Group is not actively looking into the acquisition of any shipyards in China. Further, the Group does not believe in competing purely on price. There are other considerations such as reliability, quality and customer service that are equally, if not, more important.

With facilities strategically located in Singapore and Batam, near international and regional shipping lanes, the Group is well positioned to service regional markets. Further, the Group’s competitive advantages lies in its continual process of maximization of existing resources without substantially increasing overhead; while at the same time, maintaining the quality of the services provided.

Thank you.


Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 131 of 279)   09/24/2003.19:09:44
Author :
Aslmarine
Empire, you wrote :

Hi Management,
Congrats for the latest set of financial results!
Has the group set targets for ROE & ROA? What are the long-term targets of ROE & ROA for the company? Thanks.


The Group has not set any definite ROE or ROA targets. As a general guide, the Group looks very closely at the marginal contribution and earnings growth.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 132 of 279)   09/24/2003.19:11:54
Author :
Aslmarine
Xon, you wrote :

Dear Management,
ASL Marine is in the shipchartering business. Why do you need to charter 3rd party vessels? When you need additional vessels, who do you charter them from? Thanks.


For the Group’s shipchartering division, demand for vessels from customers always exceeds the supply of vessels owned by the Group. As such, the Group always chartered a certain percentage of its charter requirements from third parties. Priorities to charter are given to customers of the shipyard division, where such arrangement is also used as a form of credit control. Otherwise, vessels are chartered from other reliable vessel owners.

The above-mentioned arrangement is put in place to maximize the utilization of the Group’s vessels and avoid having an unnecessarily high fixed overhead. Such arrangement allows for near instantaneous response to fluctuation in market demands.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 133 of 279)   09/24/2003.19:16:27
Author :
Aslmarine
Guru2, you wrote :

Hi management,
In what other way has the increase in steel prices affected your margins? What actions have you taken to mitigate the effects of the rising steel price?


With the increase in steel price, the Group’s margin for FY2003 is reduced. Previously, the Group stock-up on steel in anticipation of price increases. Going forward, whenever a contract is confirmed, steel price for a substantial portion of the steel requirements is locked in. Further, when a project stretches a long period, steel price fluctuation clauses are included in the contract to allow for adjustment to contract price for material movements to steel prices.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 134 of 279)   09/24/2003.19:18:11
Author :
Aslmarine
Guru2, you wrote:

Hi,
One more question...What is the average age of your vessels? What is the industry standard?


The Group’s vessels are on average less than 10 years old. There is no industry standard as these are more customer-dependent.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 135 of 279)   09/24/2003.19:20:36
Author :
Aslmarine
Gerofloor, you wrote :

Hi management,
How many of your vessels are chartered to the offshore oil and gas market? Which segment of the offshore oil and gas sector does ASL service? Have you received more enquiries during this recent marine boom time? What percent of the enquiries is from Oil and Gas?


Currently, the Group has less than 10% of its vessels that are chartered to the offshore oil and gas market. These are vessels mainly used in terminals supporting the oil and gas sector. Further, the Group has been fairly successful in securing a sizeable amount of contracts for new built for terminal operation for these markets.

The Group has received more than the usual number of enquiries, especially from the oil and gas sectors which make up the majority.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 136 of 279)   09/24/2003.19:24:13
Author :
Aslmarine
Plentymoney, you wrote :

Dear management,
Congrats! Can you explain why is there a huge jump in your trade receivables between this financial year and the previous one? Thks..


This is more of a timing issue. For FY2003, based on the progress of the various shipbuilding and shiprepair jobs, a substantial portion of the revenue was booked in 4Q FY2003. As such, as at year end, these receivables were not due for collection.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 137 of 279)   09/24/2003.19:24:35
Author :
Sipost
ASL MARINE HOLDINGS LTD

ASL MARINE'S MANAGEMENT REPLIES TO ONLINE Q&A HOSTED BY SHAREINVESTOR.COM


Pls view announcement here.

(Post 138 of 279)   09/24/2003.19:26:20
Author :
Aslmarine
Hello7, you wrote :

Hi director,
Apology for my late posting. Hope my question can be taken in for answering. Would you consider moving your shipyards to China where costs are generally lower, as what some other marine companies have done? Thanks.


The Group is always looking into cost reduction to ensure that our cost competitiveness is not eroded. However, before the Group embarks on any new capital investment or relocation of facilities, the Group always looks into the maximization of its existing facilities and its related costs.

The Group will continue to explore such business opportunities but will not commit to such an investment/relocation based purely on cost reasons. Other factors such as quality and customer service also have to be taken into consideration.

Regards,
The Management Team
ASL Marine Holdings Ltd

(Post 139 of 279)   09/24/2003.19:28:26
Author :
Aslmarine
Dear investors,

We have come to the end of this Q&A session. I hope you have a better understanding of ASL Marine from this online interaction. Thank you.

Rgds,
The Management Team,
ASL Marine Holdings Ltd

(Post 140 of 279)   10/04/2003.11:19:50
Author :
Rllc2003
Need advice on this stock, vested. Price coming down to my buying price.....

(Post 141 of 279)   10/09/2003.09:02:11
Author :
Myellow
moving up

(Post 142 of 279)   11/01/2003.20:34:39
Author :
Alchemist
Another beautiful piece of graphic data see through Bollinger Bands.

(Post 143 of 279)   11/03/2003.16:21:27
Author :
Sipost
ASL MARINE HOLDINGS LTD

NOTICE OF ANNUAL GENERAL MEETING


Pls view announcement here.

(Post 144 of 279)   11/04/2003.17:45:30
Author :
Sipost
ASL MARINE HOLDINGS LTD

ADDITIONAL INFORMATION - ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2003 ("ANNUAL REPORT")


Pls view announcement here.

(Post 145 of 279)   11/06/2003.09:17:22
Author :
Myellow
How true: every dog has its day. Finally, it's here.

(Post 146 of 279)   11/13/2003.15:49:35
Author :
Sipost
Dear Investors

We have uploaded the annual report 2003 for ASL Marine. You can view it here.

(Post 147 of 279)   11/20/2003.16:55:33
Author :
Sipost
ASL MARINE HOLDINGS LTD

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING


Pls view announcement here.

(Post 148 of 279)   12/19/2003.10:34:07
Author :
Fong88
Get real! This is what I called GEM. Hopefully it can drop a few bits more. Waiting eagerly for you baby at $0.52. Lagi best if can get at below $0.50.

(Post 149 of 279)   12/26/2003.17:37:22
Author :
Sipost
ASL MARINE HOLDINGS LTD

UPDATE ON ASL ENERGY PTE. LTD.


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(Post 150 of 279)   12/29/2003.18:08:19
Author :
Sipost
ASL MARINE HOLDINGS LTD

PROPOSED RENOUNCEABLE RIGHTS ISSUE (THE "WARRANT ISSUE") OF 49, 500, 000 WARRANTS (THE "WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE OF $0.10 EACH, AT AN ISSUE PRICE OF $0.025 FOR EACH WARRANT, ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) ORDINARY SHARES OF $0.10 EACH HELD BY THE SHAREHOLDERS AS AT BOOK CLOSURE DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS BEING DISREGARDED


Pls view announcement here.


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