ASA Responds to SGX RegCo Queries on FY2025 Results

Reuters03-13 23:04

ASA Responds to SGX RegCo Queries on FY2025 Results

Advanced Systems Automation Limited $(ASA)$ responded to SGX RegCo queries on its FY2025 results, addressing a S$14.062 million goodwill impairment tied to its August 2024 acquisition of LSO Organization Holdings. ASA said project delays in Selangor and Palau and a failure to secure funding for a proposed shrimp processing plant in Indonesia pushed back revenue generation, with LSO posting an unaudited net loss of about S$1.3 million in FY2025 versus earlier projections of strong profitability. The company added that the prior board conducted legal and financial due diligence, while the current board has strengthened oversight and controls post-acquisition; it also explained a higher credit loss provision due to a stricter receivables provisioning matrix and disclosed family relationships and shareholdings involving Lim Wee Beng Eddie, Evonne Koh and substantial shareholder Lim Yu Victoria.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASA - Advanced Systems Automation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: NV6HMFQRNYEY2181) on March 13, 2026, and is solely responsible for the information contained therein.

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ASA said project delays in Selangor and Palau and a failure to secure funding for a proposed shrimp processing plant in Indonesia pushed back revenue generation, with LSO posting an unaudited net loss of about S$1.3 million in FY2025 versus earlier projections of strong profitability. The company added that the prior board conducted legal and financial due diligence, while the current board has strengthened oversight and controls post-acquisition; it also explained a higher credit loss provision due to a stricter receivables provisioning matrix and disclosed family relationships and shareholdings involving Lim Wee Beng Eddie, Evonne Koh and substantial shareholder Lim Yu <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a>.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: NV6HMFQRNYEY2181) on March 13, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0898667661.SGD","symbol_name":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260313:nNDLbjQKLp:1","article_id":"2619314116","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619314116","pubTimestamp":1773414283,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Advanced Systems Automation Limited  responded to SGX RegCo queries on its FY2025 results, addressing a S$14.062 million goodwill impairment tied to its August 2024 acquisition of LSO Organization Holdings. 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ASA said project delays in Selangor and Palau and a failure to secure funding for a proposed shrimp processing plant in Indonesia pushed back revenue generation, with LSO posting an unaudited net loss of about S$1.3 million in FY2025 versus earlier projections of strong profitability. The company added that the prior board conducted legal and financial due diligence, while the current board has strengthened oversight and controls post-acquisition; it also explained a higher credit loss provision due to a stricter receivables provisioning matrix and disclosed family relationships and shareholdings involving Lim Wee Beng Eddie, Evonne Koh and substantial shareholder Lim Yu Victoria.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASA - Advanced Systems Automation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: NV6HMFQRNYEY2181) on March 13, 2026, and is solely responsible for the information contained therein.","kind":"highlight","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":0,"need_auth":true,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/2619314116","isCrawlerRequest":true}