Advance Opportunities Fund I has become a substantial shareholder of Advanced Systems Automation after buying 1,000,000 shares from the market. The shares were purchased on Nov 15 for $21,000, or 2.1 cents apiece.
Following the purchase, Advance Opportunities Fund I’s stake in Advanced Systems Automation has risen to 5.07% from 4.92% previously. Any shareholder who has crossed the 5% stake threshold has to disclose its interest on SGX.
Shares in Advanced Systems Automation closed flat at 0.1 cents lower, or down 4.76%, at 2 cents on Nov 19.
