Asset Acquisitions and Disposals::TERMINATION OF THE PROPOSED DISPOSAL OF PROPERTY BY 90%-OWNED SUBSIDIARY,

Issuer & Securities

Issuer/ Manager
ADVANCED SYSTEMS AUTOMATION LIMITED
Securities
ADVANCED SYSTEMS AUTOMATION - SG2E65980228 - 5TY
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
13-May-2015 17:50:55
Status
New
Announcement Sub Title
TERMINATION OF THE PROPOSED DISPOSAL OF PROPERTY BY 90%-OWNED SUBSIDIARY,
Announcement Reference
SG150513OTHRNDH5
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
Advanced Systems Automation Limited refers to the Announcement in relation to the disposal by its 90%-owned subsidiary, ASA Multiplate (M) Sdn. Bhd. of a property located at Plot 52, Hilir Sungai Keluang, Bayan Lepas Industrial Park Phase 4, 11900 Penang. The Board would like to inform all Shareholders that the condition precedent to the SPA, as disclosed in the Announcement, could not be met and as a result, the Purchaser and the Group have mutually agreed to terminate the SPA.

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