SGX should also provide its approval in-principle for the offer, and for ASA to issue new shares as consideration for the offer.
Advanced Systems Automation (ASA) has made a pre-conditional voluntary offer for all the shares in ASTI Holdings, which will only proceed if certain conditions have been satisfied.
This includes on or before the long-stop date, if trading in the shares of ASTI is resumed, or the approval of a transfer of ASTI shares to ASA if trading does not resume.
