Advanced Systems Automation Faces Security Claim from Zico Capital

MT Newswires09-17 15:55

Advanced Systems Automation (SGX:WJ9) said Zico Capital has applied to the Singapore High Court for an order requiring the company to provide S$42,000 in security for the latter's legal costs, according to a Thursday filing.

Advanced Systems Automation said it has 14 days to file a reply affidavit to contest the application and is consulting its legal advisers, it said.

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