Advanced Systems Automation Shelves Plans to Acquire ASTI

MT Newswires

02/20

Advanced Systems Automation (SGX:WJ9) terminated its pre-conditional voluntary offer to acquire ASTI (SGX:575), according to a Friday filing with the Singapore Exchange.

The decision was taken in light of significant preliminary regulator delays and substantial corporate actions undertaken by ASTI since the offer.

However, the decision to walk away from the acquisition is not expected to impact the Advanced System's earnings per share for 2026.

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