Advanced Systems Automation Limited (SG:WJ9) has released an update.
Advanced Systems Automation Limited convened an Extraordinary General Meeting (EGM) on May 31, 2024, where key decisions were made about the company’s financial instruments. Notably, the company retracted proposals for the issuance of T3 Notes and the corresponding conversion shares, opting instead to seek shareholder approval for a complete Proposed RCN Issuance across three tranches of notes. These decisive moves are part of the company’s strategic financial restructuring, pending a general meeting for shareholder consent.
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