Advanced Systems Automation Faces Legal Threat from ASTI Over Unpaid Fees

MT Newswires11-06

Advanced Systems Automation (SGX:WJ9) said ASTI Holdings (SGX:575) demands repayment of SG$396,941 in outstanding management fees, according to a Tuesday filing on the Singapore Exchange.

After previous announcements regarding the statutory demand, ASAL received a letter from ASTI's lawyers on Nov. 1, rejecting claims of bad faith and insisting on payment within seven days.

ASTI warned it would pursue legal action if Advanced Systems Automation fails to comply. Advanced Systems Automation intends to contest the claims and protect shareholder interests.

Price (SGD): S$2752.50, Change: S$+2.8, Percent Change: +0.10%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481337666?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 07:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481337666","market":"sg","top_or_hot":-1,"title":"Advanced Systems Automation Faces Legal Threat from ASTI Over Unpaid Fees","media":"MT Newswires","content":"<html><body><p> Advanced Systems Automation (SGX:WJ9) said ASTI Holdings (SGX:575) demands repayment of SG$396,941 in outstanding management fees, according to a Tuesday filing on the Singapore Exchange.</p><p>After previous announcements regarding the statutory demand, ASAL received a letter from ASTI's lawyers on Nov. 1, rejecting claims of bad faith and insisting on payment within seven days.</p><p>ASTI warned it would pursue legal action if Advanced Systems Automation fails to comply. Advanced Systems Automation intends to contest the claims and protect shareholder interests.</p><p>Price (SGD): S$2752.50, Change: S$+2.8, Percent Change: +0.10%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Advanced Systems Automation Faces Legal Threat from ASTI Over Unpaid Fees</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdvanced Systems Automation Faces Legal Threat from ASTI Over Unpaid Fees\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 07:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Systems Automation (SGX:WJ9) said ASTI Holdings (SGX:575) demands repayment of SG$396,941 in outstanding management fees, according to a Tuesday filing on the Singapore Exchange.After ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6063","symbol_name":"半导体设备","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481337666","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481337666","pubTimestamp":1730849005,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Advanced Systems Automation  said ASTI Holdings  demands repayment of SG$396,941 in outstanding management fees, according to a Tuesday filing on the Singapore Exchange.After previous announcements regarding the statutory demand, ASAL received a letter from ASTI's lawyers on Nov. 1, rejecting claims of bad faith and insisting on payment within seven days.ASTI warned it would pursue legal action if Advanced Systems Automation fails to comply. Advanced Systems Automation intends to contest the claims and protect shareholder interests.Price : S$2752.50, Change: S$+2.8, Percent Change: +0.10%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6063":"半导体设备","BLZ.SI":"爱文思控股","BK6088":"石油天然气设备与服务","WJ9.SI":"卓越自动系统","BK6515":"技术设备股","575.SI":"联达科技控股有限公司","BK6522":"化石燃料股"},"translate_title":"Advanced Systems Automation因未支付费用而面临ASTI的法律威胁","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"575.SI":1,"BLZ.SI":1,"WJ9.SI":0.9},"content_text":"Advanced Systems Automation (SGX:WJ9) said ASTI Holdings (SGX:575) demands repayment of SG$396,941 in outstanding management fees, according to a Tuesday filing on the Singapore Exchange.After previous announcements regarding the statutory demand, ASAL received a letter from ASTI's lawyers on Nov. 1, rejecting claims of bad faith and insisting on payment within seven days.ASTI warned it would pursue legal action if Advanced Systems Automation fails to comply. Advanced Systems Automation intends to contest the claims and protect shareholder interests.Price (SGD): S$2752.50, Change: S$+2.8, Percent Change: +0.10%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481337666"}