Advanced Systems Automation

The illusion of human control can be more dangerous than its clear absence, says the writer.

Opinion & Features

Why it’s hard for humans to have the final say over AI

We need to learn from the mistakes we have made in the past

Advanced Systems Automation does not expect the termination to have any material impact on its earnings per share or net tangible assets per share.

Companies & Markets

Advanced Systems Automation terminates pre-conditional offer for Asti shares

This follows Sias’ queries for clarification amid governance and valuation concerns

David Gerald, Sias founder and president, requests that Advanced Systems Automation explain if its independent directors had assessed the probability of success of the offer, given its "hostile nature and discount".

Companies & Markets

Sias calls on Advanced Systems Automation to clarify Asti offer over governance, valuation concerns

Sias founder David Gerald says implied discount to Advanced Systems Automation’s offer has ‘widened materially’ to in excess of 67%

Advanced Systems Automation will make a voluntary conditional offer for Asti only if pre-conditions are satisfied or waived in the next three months.

Companies & Markets

Advanced Systems Automation makes pre-conditional offer for Asti shares

If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies

Advanced Systems Automation alleges that its ex-CEO and a former director bypassed the board in making themselves bank signatories of the company’s bank account.

Companies & Markets

Advanced Systems Automation’s ex-CEO says fund transfers were for unpaid salaries

But the company, answering queries from the Singapore Exchange, says its books have no record of cheques cut for this purpose

Seah Chong Hoe, the former CEO of Advanced Systems Automation, had instructed S$903,594.46 to be transferred to the company's bank account from that of its wholly owned subsidiary, Emerald Precision Engineering.

Companies & Markets

Advanced Systems files police report over former execs’ alleged offences, unauthorised fund transfers

Cheques totalling more than S$1 million were issued from the company’s bank account to its former CEO

Companies & Markets

Advanced Systems proposes 375-to-1 share consolidation, bonus warrants issue

ADVANCED Systems Automation (ASA), which recently agreed to buy a video-gaming company in a reverse takeover, is looking to consolidate every 375 of its existing ordinary shares into one ordinary shar...

Companies & Markets

Advanced Systems proposes to buy video game company for S$120m in RTO

ADVANCED Systems Automation has agreed to fully acquire a video gaming company, Excelgames Interactive Asia Holdings, for a base consideration of S$120 million in a transaction that will constitute a ...

Companies & Markets

ASA unit enters partnership agreement to make steel trailer wheels

CATALIST-LISTED Advanced Systems Automation (ASA) announced on Sunday night that its unit Yumei Technology Sdn Bhd has entered an agreement with Nakareg International Company, in which Yumei will be a...

Companies & Markets

SGX rejects application from ASA for extension to hold FY18 AGM

THE Singapore Exchange (SGX) has rejected a waiver application from Advanced Systems Automation (ASA) for an extension of time to hold its annual general meeting (AGM) for the financial year ended Dec...

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