Advanced Systems Automation Limited (SG:WJ9) has released an update.
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Advanced Systems Automation Limited has successfully converted S$1,700,000 worth of Redeemable Convertible Notes (RCNs) into equity, issuing over 73 million new shares to two investor funds at a conversion price of S$0.0232 per share. This strategic move, part of a previously planned issuance, is set to bolster the company’s capital structure and aligns with terms agreed upon by the involved parties.
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