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ASTI Holdings
Company in the news
ASTI's remaining board members resign after appointment of substantial shareholders to board of directors
The company announced the new appointments of Ng Yew Nam and Soh Pock Kheng following approval by SGXRegCo on Jan 15.
January 15, 2024
Company in the news
ASTI to hold FY2021 AGM on Feb 1
A fresh Notice of Meeting will be issued with at least seven days’ notice for the adjourned FY2021.
January 09, 2024
Management & Corporate Governance
SGX RegCo issues notice of compliance to Asti for breach of requirement to convene AGM
Asti last held an AGM on May 31, 2021 for the FY2020 ended Dec 31, 2020.
April 27, 2023
Results
Asti Holdings is back in the black in FY2022 with earnings of $4.8 mil
Asti Holdings is back in the black in FY2022, but will it be able to exit the watch list?
February 23, 2023
Company in the news
Asti Holdings terminates proposed disposals of subsidiaries
The company will be delisted from the SGX-ST after failing to meet the exit requirements of SGX's watch list.
December 17, 2022
New appointments
ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list
ASTI Holdings retrenches CEO amid tough times.
December 22, 2021
M&A
Asti Holdings to acquire 100% stake in Emerald, Yumei Technologies, Yumei REIT and Pioneer Venture for up to $15.5 million
The consideration comprises a base consideration of $12.5 million and an earn-out consideration of $3 million.
February 28, 2021
Corporate moves
ASTI CEO Loh Soon Gnee resigns from group without successor; cites personal reasons
SINGAPORE (April 8): Michael Loh Soon Gnee, who has held the position of ASTI Holdings’ CEO since July 2013, has resigned citing “personal reasons” as he moves on to transition his duties within the next 12 months.
April 08, 2019
M&A
ASTI disposes specific subsidiaries for $90 mil, plus $38 mil in dividends
SINGAPORE (Apr 2): ASTI Holdings is disposing several of its subsidiaries, collectively known as STI Group, to Shanghai Pudong Science and Technology Investment (PDSTI) for $90 million.
April 02, 2018
ASTI to dispose several subsidiaries for $100 mil
SINGAPORE (Dec 18): ASTI Holdings has entered into a term sheet to dispose of the entire issued and paid-up share capital of several wholly-owned subsidiaries; collectively known as STI Group, to Shanghai Pudong Science and Technology Investment (PDSTI
December 18, 2017