asti holdings

Advanced Systems Automation terminates pre-conditional offer for Asti shares

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".

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

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

Advanced Systems Automation makes pre-conditional offer for Asti shares

Ng Yew Nam and Soh Pock Kheng have been appointed as directors of Asti Holdings.

Asti Holdings’ board steps down, appoints 2 new directors

The semiconductor company reveals its chairman stepdown after the announcement of adjourned AGM.

Asti chairman steps down amid ‘uncertainty’

Asti says a fresh notice of meeting for the adjourned AGM will be issued shortly to shareholders.

Asti to hold adjourned FY2021 AGM on Feb 1

Asti will reconvene the adjourned FY2021 AGM after a decision made by the Singapore High Court deemed the EGM called on Aug 22, 2023 by the company’s dissenting shareholders, to be invalid.

Asti to reconvene adjourned FY2021 AGM ‘as soon as practicable’ 

Although notice for the extraordinary general meeting was validly served, the court says the meeting was not properly conducted.

Court rules Asti’s EGM invalid; requisitioners fail to unseat board

Asti says it was unable to produce its audited financial statement for FY2022 by the deadline of Sep 30 because it does not have an appointed auditor.

Asti loses offer after missing deadline to submit audited financial statement

Shareholders voted on only two resolutions at the AGM, is in view of ongoing legal applications by dissenting shareholders.

Asti’s shareholders adopt FY2021 results but reject appointing RT as auditor