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Ng Yew Nam is the shareholder together with a few others, calling for an EGM on 22 August 2023 to remove the entire Board of Directors of ASTI in a vote of no confidence. See the latest press release by SIAS.
Date: August 18, 2023
ASTI Holdings will be delisted as it has failed to meet the regulatory requirements for exiting the watch list since 6 June 2019. The trading has been suspended since July 2022. There has been much concern among the minority shareholders as to whether in fact there is an offer on the table mentioned by the current ASTI board, or if they should elect a new board of directors to secure an exit offer.
SIAS recently organised a dialogue session with ASTI shareholders and the proposed new board of directors on 16th August 2023 to discuss the resolutions to be tabled at the upcoming EGM. Shareholders who did not attend the dialogue session held on 16th August can watch the recording by clicking here. Shareholders of ASTI should attend the EGM on 22nd August 2023, 10am at Meeting Room, 9 Straits View Level 3, Marina One West Tower, Singapore 018937, as they should take the opportunity to discuss issues affecting them. In our view, the issue of legality of the EGM is for a Court to decide and not for the Company.
SIAS will also be organising a dialogue session with ASTI board and management on 21st August 2023, 7pm at SBF Center Level 6, 160 Robinson Road, Singapore 068914. All shareholders are invited and encouraged to raise your concerns on the latest developments and FY21 results. ASTI AGM for FY21 will be held on 31st August 2023, 2pm at Lifelong Learning Institute, Event Hall 2-1 (Level 2), 11 Eunos Road 8, Singapore 408601.
SIAS would, therefore, urge all shareholders of ASTI Holdings Ltd to attend both the EGM on 22nd August 2023 and the AGM on 31st August 2023 to vote on the resolutions as it is your right as a shareholder to attend the meeting, ask questions and vote.
Presentation Slides &ndash Dialogue Session with ASTI Shareholders
David Gerald
Founder, President and CEO
SIAS
Date: August 18, 2023
ASTI Holdings will be delisted as it has failed to meet the regulatory requirements for exiting the watch list since 6 June 2019. The trading has been suspended since July 2022. There has been much concern among the minority shareholders as to whether in fact there is an offer on the table mentioned by the current ASTI board, or if they should elect a new board of directors to secure an exit offer.
SIAS recently organised a dialogue session with ASTI shareholders and the proposed new board of directors on 16th August 2023 to discuss the resolutions to be tabled at the upcoming EGM. Shareholders who did not attend the dialogue session held on 16th August can watch the recording by clicking here. Shareholders of ASTI should attend the EGM on 22nd August 2023, 10am at Meeting Room, 9 Straits View Level 3, Marina One West Tower, Singapore 018937, as they should take the opportunity to discuss issues affecting them. In our view, the issue of legality of the EGM is for a Court to decide and not for the Company.
SIAS will also be organising a dialogue session with ASTI board and management on 21st August 2023, 7pm at SBF Center Level 6, 160 Robinson Road, Singapore 068914. All shareholders are invited and encouraged to raise your concerns on the latest developments and FY21 results. ASTI AGM for FY21 will be held on 31st August 2023, 2pm at Lifelong Learning Institute, Event Hall 2-1 (Level 2), 11 Eunos Road 8, Singapore 408601.
SIAS would, therefore, urge all shareholders of ASTI Holdings Ltd to attend both the EGM on 22nd August 2023 and the AGM on 31st August 2023 to vote on the resolutions as it is your right as a shareholder to attend the meeting, ask questions and vote.
Presentation Slides &ndash Dialogue Session with ASTI Shareholders
David Gerald
Founder, President and CEO
SIAS
who is Ng Yew Nam?
Intrinsic ( Date: 22-Feb-2023 23:40) Posted:
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Ng Yew nam bought another 17mil shares @ $0.028 a piece....
If $0.10 per share, I will surely sell.
Thailand-listed Capital Engineering Network to buy 19.9% stake in Asti from non-exec chairman
CAPITAL Engineering Network Public Company, which is listed on the Stock Exchange of Thailand (SET), will acquire about 130.2 million shares or a stake of 19.9 per cent in suspended and watch-listed local chip manufacturing services company Asti Holdings.
Capital Engineering Network is buying these shares from Asti&rsquo s non-executive chairman Michael Loh.
It was announced on Feb 9 that Loh had entered into a share purchase agreement for the disposal of his entire shareholding in the company to Capital Engineering Network.
Loh will get 80 million shares in Capital Engineering Network for his stake in Asti. These 80 million shares amount to about 216.1 million baht (S$8.5 million).
According to a filing on the SET, the 80 million shares represent about 9.7 per cent of Capital Engineering Network&rsquo s post-allotment paid-up capital.
The acquisition of shares in Asti is subject to the approval of Capital Engineering Network&rsquo s shareholders at the extraordinary general meeting to be held on Mar 15.
In October last year, Asti said a substantial shareholder indicated his intention to explore a possible exit offer to other shareholders for their shares. Loh had made the announcement on behalf of Asti&rsquo s board of directors.
Previously, the company had also said it would be delisted from the Catalist board for failing to meet the requirements to exit the watch list.
On 7Feb, substantial shareholder Ng Yew Nam purchased 13,644,000 for a consideration of $382,032. Works out to be $0.028 per share.....
On 8Feb, Dato Michael Lee sold 80,000,000 shares to a Thai buyer for a consideration of ~$8,517,000. Works out to be about $0.064 per share..
Have these transactions set a possible range for pending exit offer to come? Bought in at $0.014 on the last day before halt 😁 😁
He owe me money ,when can give me back my money ,we must tell them they will be a karma if you they owe money will still need to pay back us in next life so karma still effective,hahaha karma
ahhuat08 ( Date: 06-Oct-2022 10:52) Posted:
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Still no news on the exit offer?
reject offer if too low, should offer near NAV
LOL...U should consider yourself lucky if they offer 3cts....
bechaotic ( Date: 06-Oct-2022 10:43) Posted:
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hopefully they can consider an exit offer for their subsidiary, dragon group
Wow, so they about-turn now considerating an exit offer!
They better offer at least 10cts, near the NAV.
They better offer at least 10cts, near the NAV.
How much the offer will be?
How much the offer minority will surrender?
How much the offer minority will surrender?
Joelton ( Date: 06-Oct-2022 09:56) Posted:
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Asti shareholder could make exit offer as the company heads for delisting
WATCH-LISTED chip manufacturing services company Asti Holdings : 575 0% announced that a substantial shareholder has indicated his intention to explore a possible exit offer to other shareholders for their shares.
The company said in a statement filed to the Singapore Exchange on Wednesday (Oct 5) that the potential offeror has not yet appointed his own advisers and that he is still in the midst of finalising the details of the exit offer.
Therefore, Asti noted there is no certainty or assurance that an exit offer will be made by the potential offeror, who was not named in the filing.
Previously, the company said it would be delisted from the Catalist board for failing to meet the requirements to exit the watch list. Trading of Asti shares has been suspended since July.
good ending............
dragon/asa/asti..
basically are scams....
dragon/asa/asti..
basically are scams....
SUSPENDED !
DIE! Die！
The ASTI Board wishes to inform shareholders that the Chairman, Dato&rsquo Michael Loh Soon Gnee, has confirmed that he does not intend to make an exit offer to shareholders. 3. The Company is currently exploring all possible options in relation to providing the Shareholders with an exit offer proposal. 4. The Company&rsquo s securities will be suspended from 9 a.m., 5 July 2022 until completion of the exit offer.
The ASTI Board wishes to inform shareholders that the Chairman, Dato&rsquo Michael Loh Soon Gnee, has confirmed that he does not intend to make an exit offer to shareholders. 3. The Company is currently exploring all possible options in relation to providing the Shareholders with an exit offer proposal. 4. The Company&rsquo s securities will be suspended from 9 a.m., 5 July 2022 until completion of the exit offer.
tankoksee ( Date: 01-Jul-2022 16:13) Posted:
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4 july...last trading day before the suspension for delisting..
But the balance sheet 
.
.DuoLuckDuo ( Date: 10-Jun-2022 18:39) Posted:
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Hope this MOU will move the price up to 20. 🤞 🏼