Advanced Systems Automation Limited (SG:WJ9) has released an update.
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Advanced Systems Automation Limited is facing a serious financial demand from ASTI Holdings Limited for the immediate repayment of S$396,941.94 in outstanding management fees, with a three-week deadline set for 16 September 2024. The demand follows the termination of a service agreement that had been in place since 1 January 2019 for various management and support services. The company is assessing its options and promises to update shareholders as the situation evolves.
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