ASL Agrees to Sell Security Authentication Business and Provide Limited Guarantee

Reuters
Jan 09
ASL Agrees to Sell Security Authentication Business and Provide Limited Guarantee

Automated Systems Holdings Limited is moving forward with the disposal of its security authentication business. ASL Security, a wholly-owned subsidiary of the company, has entered into a Deed of Guarantee with Great Ally, Hu Lian Kui, and Secure Trust Technologies. Under this arrangement, the guarantors have agreed to provide a several liability guarantee in favor of the buyer to secure certain obligations of i-Sprint Holdings following the completion of the share purchase agreement. The transaction is subject to the fulfillment of specific conditions and may be terminated under certain circumstances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASL - Automated Systems Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260109-11986452), on January 09, 2026, and is solely responsible for the information contained therein.

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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