Advance Opportunities Fund I Becomes Major Shareholder in Advanced Systems Automation; Shares Down 5%

MT Newswires

2024-11-21

Advance Opportunities Fund I became a major shareholder in Advanced Systems Automation (SGX:WJ90) after buying 1.0 million shares in the company for SG$21,000 or SG$0.021 apiece, a filing with the Singapore Exchange said on Tuesday.

Following the purchase of shares, the fund's stake in the semiconductor technology developer has increase to 5.07%.

Shares of the company slumped nearly 5% in recent trading.

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