Automated Systems Holdings Limited (771) Issues Supplemental Announcement on Security Authentication Business Disposal and Limited Guarantee

Bulletin Express
Jan 16

Automated Systems Holdings Limited (the Company, stock code: 771) released a supplemental announcement following its 9th January 2026 announcement regarding the provision of a guarantee. The update confirms that after completion of the i-Sprint Transaction, i-Sprint Holdings will remain an associate of the Company, with ASL Security maintaining its 35.42% equity interest in i-Sprint Holdings.

The proceeds from the i-Sprint Transaction are partly intended for the Proposed Share Repurchase, involving the repurchase of the entire equity interest in i-Sprint Holdings held by ASL Security. Preliminary agreement has been reached, and formal agreements are expected to be signed in the first quarter of 2026. Following completion, the Group will no longer hold any shares in i-Sprint Holdings.

The Proposed Share Repurchase may qualify as a notifiable transaction under the Listing Rules. Additional updates will be released if there are material developments. The announcement also advises shareholders and potential investors to exercise caution when dealing in the Company’s shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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