Advanced Systems Automation Limited (SG:WJ9) has released an update.
Advanced Systems Automation Limited has announced that the shareholders did not pass the proposed acquisition of LSO Organization Holdings Pte. Ltd. during their Extraordinary General Meeting (EGM). Additionally, the company is in ongoing negotiations regarding the terms of the acquisition after the EGM. They have also proceeded with the first tranche of their Redeemable Convertible Notes issuance, amounting to S$2.5 million, as part of a larger S$20 million financing plan.
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