Advanced Systems Automation Limited (SG:WJ9) has released an update.
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Advanced Systems Automation Limited has announced a proposed rights cum warrants issue, offering three rights shares for every two existing shares held by entitled shareholders. This move, supported by irrevocable undertakings from major shareholders, aims to raise approximately S$0.5 million to strengthen the company’s capital structure. The initiative reflects a strong commitment from shareholders, who hold a significant stake in the company, to support its financial growth.
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