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The latest update is out from Advanced Systems Automation Limited ( (SG:WJ9) ).
Advanced Systems Automation Limited has announced its intention to make a voluntary conditional offer to acquire all issued and paid-up ordinary shares of ASTI Holdings Limited, excluding any shares it already owns or controls, in accordance with Singapore’s take-over regulations. The offer is pre-conditional and will only proceed if certain conditions are met by a specified long-stop date, including either the resumption of trading in ASTI’s shares or Singapore Exchange approval for the transfer of ASTI shares while trading remains suspended, signalling a potential consolidation move in the sector that could materially affect ASTI shareholders and the ownership structure of the company.
More about Advanced Systems Automation Limited
Advanced Systems Automation Limited is a Singapore-incorporated company operating in the technology and automation space, and is positioning itself as a strategic acquirer in the local market by seeking control of peers and related businesses listed on the Singapore Exchange.
Technical Sentiment Signal: Sell
Current Market Cap: S$8.33M
See more insights into WJ9 stock on TipRanks’ Stock Analysis page.