ASTI Holdings Faces Legal Challenge from Advanced Systems Automation
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ASTI Holdings Limited (SG:575) is facing a legal challenge from Advanced Systems Automation Limited (ASA), which has filed a court application to prevent ASTI from initiating a winding-up application against it. This legal action pertains to claims related to loan agreements and management fees owed by ASA to ASTI. ASA is also seeking an interim injunction to stop ASTI’s actions until the court hearing, which could significantly affect ASTI’s financial recovery and its relationship with ASA.
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