ASTI Holdings (SGX:575) has sold its 13.64% stake in Advanced Systems Automation (SGX:WJ9), totaling 89,242,952 shares, generating net proceeds of SG$1.4 million, according to a Wednesday filing on the Singapore Exchange.
The transaction, part of a strategic review, resulted in a net gain of SG$900,000. The sale improves ASTI's liquidity and supports its core business focus.
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