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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.