Advanced Systems Automation (SGX:WJ9) remitted an installment payment of 92,862 ringgit to Telford Service as part of a proposed repayment proposal, according to a filing with the Singapore Exchange on Monday.
According to a filing on June 18, the company had received a letter of demand from Telford for the full repayment of an outstanding debt of about 1.1 million ringgit.
Based on the repayment proposal, the company will pay off the debt in 12 installments.
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