Advanced Systems Automation Receives Notice of Demand from Zico Capital; Shares Plunge 20%

MT Newswires

03/09

Advanced Systems Automation (SGX:WJ9) received a notice of demand from Zico Capital for a claim for payment of SG$627,709, according to a Friday filing with the Singapore Exchange.

Shares of the semiconductor process assembly company plunged over 20% in Monday trading.

The company is currently assessing its position in relation to the claimed amount and will respond formally in due course, it said.

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