ASTI Holdings Limited (SG:575) has released an update.
ASTI Holdings Limited has announced the sale of its entire stake in Advanced Systems Automation Limited, effectively reducing its investment in quoted securities to zero. This strategic move has brought the group’s investment costs below 5% of its net tangible assets, as per the latest audit. Investors may find this divestment noteworthy as it highlights ASTI Holdings’ shifting financial strategies.
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