ASTI Holdings Receives Third Tranche for First Settlement Payment

MT Newswires

Yesterday

ASTI Holdings (SGX:575) received the third tranche of the first installment of a settlement payment, comprising $403,271 and SG$3,271 in interest from Advanced Systems Automation (SGX:WJ9), according to a Friday filing with the Singapore Exchange.

Shares of the semiconductor company were down nearly 2% in Monday's trading.

With this most recent payment, the company has received the full first installment, including reimbursement of costs and accrued interest.

Earlier in the year, ASTI had reached a full and final settlement with Advanced Systems over a legal dispute linked to loan agreements and management fees, and both parties agreed to settle the case, with ASA paying SG$6 million in installments in full and final settlement of all claims and counterclaims. The first installment of SG$1 million is due on July 1.

The next instalment of SG$1.50 million is due on July 1, 2027, as agreed in the settlement agreement.

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The first installment of SG$1 million is due on July 1.</p><p>The next instalment of SG$1.50 million is due on July 1, 2027, as agreed in the settlement agreement.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"575.SI","symbol_name":"联达科技控股有限公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663502290","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663502290","pubTimestamp":1788155574,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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