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.
ASTI to hold FY2021 AGM on Feb 1 - THE EDGE SINGAPORE

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.
SGX RegCo issues notice of compliance to Asti for breach of requirement to convene AGM - THE EDGE SINGAPORE

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.

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?

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.
ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list - THE EDGE SINGAPORE

New appointments

ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list

ASTI Holdings retrenches CEO amid tough times.

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.

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.

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.

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
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