• ASA lost its bid for an interim injunction to block Zico Capital from filing winding-up proceedings tied to a statutory demand.
• High Court dismissed the application on Sept. 7, 2026, relating to an alleged S$ 643,534.82 claim, including interest.
• Costs of S$ 18,000 awarded to Zico Capital.
• Management weighing an appeal to the Appellate Division within 14 days, while exploring other legal options.
• Board maintained the group remains a going concern, citing liquidity actions such as asset disposals, restructuring, debt stays.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASA - Advanced Systems Automation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: YBYCKKQEAJ6GIAEV) on September 07, 2026, and is solely responsible for the information contained therein.