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An update from Advanced Systems Automation Limited ( (SG:WJ9) ) is now available.
Advanced Systems Automation Limited has disclosed that it received a notice of demand from Zico Capital Pte. Ltd. for payment of S$627,708.56, including interest, allegedly owed under engagement agreements between the two parties. The demand requires settlement within seven days of the 5 March 2026 letter, highlighting a potential near-term financial and legal exposure for the group.
The board is reviewing the legitimacy of the claimed fees, including Zico Capital’s performance under the relevant engagements, and plans to respond formally while reserving all rights. The company has cautioned shareholders and potential investors about dealing in its shares until further updates clarify any material impact on the group’s financial position and the outcome of its legal assessment.
More about Advanced Systems Automation Limited
Advanced Systems Automation Limited is a Singapore-incorporated company listed on the local exchange, operating through a group structure that includes various subsidiaries. It is subject to Singapore’s regulatory and sponsor-supervised disclosure framework, with Asian Corporate Advisors Pte. Ltd. acting as its continuing sponsor for compliance and market communication obligations.
Technical Sentiment Signal: Sell
Current Market Cap: S$6.82M
Learn more about WJ9 stock on TipRanks’ Stock Analysis page.