Advanced Systems Automation Issues New RCNs

Advanced Systems Automation Limited (SG:WJ9) has released an update.

Advanced Systems Automation Limited has successfully issued SGD 1.0 million worth of its second tranche of Redeemable Convertible Notes (RCNs) to Advance Opportunities Fund I. This move comes after the company converted SGD 1.7 million worth of its first tranche notes into shares and is part of an ongoing effort to manage its funding and financial strategies. The issuance is expected to impact the company’s stock as it navigates its capital needs and repayment commitments.

For further insights into SG:WJ9 stock, check out TipRanks’ Stock Analysis page.