ASTI Holdings has received a letter of demand (LOD) from law firm, ShookLin & Bok on Sept 13. The LOD was about an outstanding payment of $46,541.99 that ASTI allegedly owes the law firm. The amount is for invoices dated June 15, 2023; Feb 5 and March 5, says ASTI.
The company says it is assessing the basis and merits of the LOD and will seek legal advice accordingly. The LOD and any potential legal proceedings related to the matter are not expected to affect the company’s business operations. Any repayment is also not expected to impact the company’s financial position materially.
Shares in ASTI closed at 1.4 cents on Sept 13.
