ASTI (SGX:575) offered to withdraw a statutory demand letter to Advanced Systems Automation (SGX:WJ9), according to a Friday filing with the Singapore Exchange.
Meanwhile, ASTI also paid the company costs of SG$12,000, thus resolving the dispute with the company.
Shares of Advanced Systems Automation surged nearly 17% in Friday trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.