---
title: "Advanced Systems Automation Extends Deadline for Major Debt-to-Equity Swap"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290626812.md"
description: "Advanced Systems Automation Limited announced a second supplemental agreement with Advance Opportunities Fund I to amend its debt-to-equity swap terms. The deal involves issuing 555,555,555 new shares at S$0.0036 each. Crucially, the deadline for fulfilling conditions precedent has been extended from June 30, 2026, to August 15, 2026. This extension signals ongoing commitment to capital restructuring and balance sheet strengthening."
datetime: "2026-06-24T01:22:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290626812.md)
  - [en](https://longbridge.com/en/news/290626812.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290626812.md)
---

# Advanced Systems Automation Extends Deadline for Major Debt-to-Equity Swap

Advanced Systems Automation Limited ( (SG:WJ9) ) has issued an announcement.

Advanced Systems Automation Limited has entered into a second supplemental agreement with Advance Opportunities Fund I to amend the terms of a previously announced debt-to-equity swap involving the issuance of 555,555,555 new ordinary shares at S$0.0036 each. The latest amendment further extends the deadline for fulfilling conditions precedent under the swap arrangements from 30 June 2026 to 15 August 2026, signaling ongoing efforts to complete the capital restructuring while assuring shareholders that additional updates will be provided as material developments arise.

The extension of the long stop date indicates that both the company and its financing partner remain committed to executing the debt-to-equity conversion, which is expected to strengthen the company’s balance sheet once completed. For stakeholders, the revised timetable underscores that the proposed transaction is still in progress and that the company’s capital structure and share base could change materially upon successful completion of the swap.

**More about Advanced Systems Automation Limited**

Advanced Systems Automation Limited is a Singapore-incorporated company listed on the local market, operating through a group structure with various subsidiaries. While the specific industry and product lines are not detailed in the release, the company is actively engaged in capital structure management and financing arrangements with institutional investors.

**Technical Sentiment Signal:** Sell

**Current Market Cap:** S$6.86M

See more insights into WJ9 stock on TipRanks’ Stock Analysis page.

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