The sellers are Lim Chen Chong, Victoria Lim Yu and Structured Capital Solutions Inc.
Advanced Systems Automation, which manufactures equipment for the semiconductor industry, plans to go into a new core business by acquiring a shrimp business for $20 million.
In a series of announcements on Oct 28, ASA says it will acquire an entity called LSO Organization Holdings, which owns 50% of the total issued and paid-up share capital of British Virgin Islands-incorporated Lim Shrimp Organization.
