Advanced Systems Automation Rights Issue Raises SG$4.6 Million

MT Newswires

2024/12/20

Advanced Systems Automation (SGX:WJ9) raised SG$4.6 million in net proceeds from its renounceable rights-cum-warrants issue, according to a Thursday filing on the Singapore Exchange.

The offer saw strong demand, with total valid applications reaching 191.17% of available shares and warrants. Approximately SG$3.6 million, or 73.3% of the proceeds, will fund the LSO acquisition.

The remainder will cover debt repayment, professional fees, and working capital.

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