Automated Systems Enters New Supply Agreement with Teamsun Group

Automated Systems Holdings Limited ( (HK:0771) ) has provided an update.

Automated Systems Holdings Limited has entered into a new 2025 Supply Agreement with Teamsun Group to manage and formalize their continued connected transactions, as the anticipated increase in transaction volume will exceed the de minimis threshold. This agreement, effective from January 27, 2025, to December 31, 2027, will require reporting and annual review under the Listing Rules, though it is exempt from independent shareholders’ approval due to the percentage ratios involved.

More about Automated Systems Holdings Limited

Automated Systems Holdings Limited is a company incorporated in Bermuda, focusing on providing services and products in collaboration with its controlling shareholder, Teamsun Group. The company operates within the technology and services industry, engaging in transactions such as procuring and providing services, which have been under certain financial thresholds in the past.

YTD Price Performance: -2.90%

Average Trading Volume: 141,952

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$558.6M

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