Advanced Systems Automation Limited Updates Investors on Legal Proceedings Against Zico Capital Pte. Ltd. and Application for Interlocutory Injunction
Key Highlights
- Legal Dispute with Zico Capital Pte. Ltd. (“ZICAP”): Advanced Systems Automation Limited (“ASA” or the “Company”) is currently engaged in legal proceedings with ZICAP regarding an alleged payment under engagement agreements.
- Application for Interlocutory Injunction: ASA has applied for an interlocutory injunction to restrain ZICAP from presenting any winding-up application against the Company pending the outcome of the application.
- Recent Court Developments: On 23 July 2026, the Company’s application for interlocutory injunctive relief was heard before the Duty Registrar of the General Division of the High Court of Singapore. ZICAP’s legal counsel confirmed to the Court that ZICAP would not commence or present any winding-up application against ASA pending a decision on the injunction application.
- Case Management Directions: The Court has directed both parties to file reply affidavits and written submissions. The hearing date for the application will be set in due course.
Detailed Overview
The Board of Directors of Advanced Systems Automation Limited wishes to update shareholders regarding ongoing legal proceedings with Zico Capital Pte. Ltd. (ZICAP). The dispute centers around a claim by ZICAP for payments allegedly due under previous engagement agreements.
ZICAP issued a notice of demand and a Statutory Demand to ASA, claiming payment. In response, ASA initiated legal proceedings and applied for an interlocutory injunction to prevent ZICAP from presenting a winding-up application against the Company while the legal process is ongoing.
During a hearing on 23 July 2026, ZICAP’s counsel provided a critical assurance to the Court, confirming that ZICAP would not initiate any winding-up actions against ASA until the Court hears and determines the Company’s application for injunctive relief. This assurance temporarily removes the immediate threat of a winding-up application, which could have severe implications for the Company’s operations and share value.
The Duty Registrar of the High Court has issued directions for next steps in the case, specifically requiring both parties to submit reply affidavits and written submissions. The date for the substantive hearing on the Company’s application will be scheduled by the Court at a later time.
Implications for Shareholders
- Potential Share Price Sensitivity: The ongoing legal proceedings and the risk of a winding-up application are significant and could materially impact ASA’s share price and operations. The Court’s direction and ZICAP’s temporary assurance mitigate immediate risks, but the underlying dispute remains unresolved.
- Ongoing Uncertainties: The outcome of the legal proceedings could have further repercussions for ASA, depending on whether the injunction is granted and how the substantive dispute is ultimately resolved.
- Advisory: The Board has advised shareholders and potential investors to exercise caution when dealing in the Company’s securities. Any decision should be based on professional advice from stockbrokers, solicitors, or financial advisors.
Next Steps and Further Announcements
The Company will continue to update shareholders as and when there are material developments in these proceedings. Investors are urged to remain vigilant and stay tuned for further announcements from the Board.
Contact and Sponsor’s Statement
The Company’s sponsor, Asian Corporate Advisors Pte. Ltd., has reviewed this announcement but the Singapore Exchange Securities Trading Limited assumes no responsibility for the content.
For further information, the sponsor contact is Mr. Liau H.K., at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Tel: 6221 0271.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Shareholders and investors are advised to consult their professional advisors before making any investment decisions. The Company will provide further updates as and when there are material developments.
高级系统自动化有限公司更新投资者关于针对Zico Capital Pte. Ltd.的法律诉讼及临时禁令申请的进展
重点摘要
- 与Zico Capital Pte. Ltd.（“ZICAP”）的法律纠纷： 高级系统自动化有限公司（“ASA”或“公司”）目前正与ZICAP就根据合作协议所要求的付款发生法律争议。
- 临时禁令申请： ASA已申请临时禁令，要求ZICAP在禁令审理期间不得向公司提出清盘申请。
- 法院最新进展： 2026年7月23日，公司针对临时禁令的申请已在新加坡高等法院普通部值班法官前开庭。ZICAP的律师确认，在法院对禁令申请作出裁决前，ZICAP不会对ASA启动或提出任何清盘申请。
- 案件管理指令： 法院已指示双方提交答复宣誓书及书面陈述，听证日期将由法院稍后确定。
详细说明
高级系统自动化有限公司董事会向股东通报与Zico Capital Pte. Ltd.（ZICAP）之间正在进行的法律诉讼进展。争议源于ZICAP根据此前的合作协议，要求ASA支付相关款项。
ZICAP已向ASA发出付款通知及法定付款要求。对此，ASA启动了法律程序，并申请临时禁令，以防止ZICAP在案件未决期间提出清盘申请。
在2026年7月23日的听证会上，ZICAP律师向法院作出关键承诺，表示在法院对ASA的临时禁令申请作出裁定前，不会对ASA启动任何清盘程序。此承诺暂时消除了清盘威胁，有助于维护公司业务与股价的稳定。
法院值班法官已作出进一步案件管理指令，要求双方提交答复宣誓书及书面陈述，案件正式听证日期将由法院稍后安排。
对股东的影响
- 潜在股价敏感事项： 该法律诉讼及清盘威胁属重大事项，可能对ASA股价及运营产生实质影响。尽管ZICAP承诺暂不提出清盘申请，根本争议尚未解决，相关风险依然存在。
- 持续不确定性： 法律程序的最终结果可能对ASA产生进一步影响，具体取决于临时禁令能否获批及争议的最终解决方式。
- 风险提示： 董事会建议股东及潜在投资者在买卖公司证券时保持谨慎，如有疑问应咨询股票经纪、律师或财务顾问。
后续进展及公告
公司将在有重大进展时继续向股东发布公告，敬请投资者密切关注后续信息。
联络及保荐人声明
公司保荐人Asian Corporate Advisors Pte. Ltd.已审阅本公告，新加坡交易所有限公司对公告内容不承担任何责任。
如需更多信息，请联系保荐人廖先生，地址：160 Robinson Road, #21-05 SBF Center, Singapore 068914，电话：6221 0271。
免责声明
本文仅作资讯用途，不构成投资建议。股东和投资者在作出投资决定前应咨询专业顾问。公司将在有重大进展时进一步公告。
