The implied issue price is calculated based on a formula (see below).
Advanced Systems Automation has entered into a conditional sale and purchase agreement (SPA) with Samuel Ong Chee Ming, Roland Ong Toon Wah and Alan Leung Wing Lun for the 100% acquisition of Excelgames Interactive Asia Holdings for a base consideration of $120 million.
Of the amount, $114 million will be satisfied through the allotment and issuance of new shares in the capital of Advanced Systems at the implied issue price of about 16.33 cents per share.
