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An announcement from Advanced Systems Automation Limited ( (SG:WJ9) ) is now available.
Advanced Systems Automation Limited has entered into a conditional debt-to-equity swap agreement with Advance Opportunities Fund I (AOF I), under which AOF I will subscribe for 555,555,555 new ordinary shares at an issue price of S$0.0036 per share. The issuance, deemed effective from 19 December 2025, will fully settle S$2.0 million of debt owed by the company to AOF I, strengthening the company’s balance sheet by converting debt into equity and potentially improving its financial flexibility and capital structure for existing stakeholders.
More about Advanced Systems Automation Limited
Advanced Systems Automation Limited is a Singapore-incorporated company listed on the Singapore market, operating through a group structure, though this announcement does not specify its exact industry segment, products or services.
Technical Sentiment Signal: Sell
Current Market Cap: S$9.99M
Learn more about WJ9 stock on TipRanks’ Stock Analysis page.