THE Singapore Exchange (SGX) has rejected respective requests from ASTI Holdings and Dragon Group International (DGI) for further extensions to hold their fiscal 2018 annual general meetings (AGMs), telling them to hold their AGMs "as soon as possible".

ASTI Holdings, Dragon Group International (DGI) and Advanced Systems Automation (ASA) have separately applied, to the Singapore Exchange Securities Trading (SGX-ST), for extensions to hold their annual general meetings (AGM) for fiscal 2018 by June 29.

SINGAPORE (April 8): Michael Loh Soon Gnee, who has held the position of ASTI Holdings’ CEO since July 2013, has resigned citing “personal reasons” as he moves on to transition his duties within the next 12 months. Loh is also resigning as CEO from the group’s respective 44.5%- and 49.6%-ow...

THE following companies saw new developments that may affect trading of their shares on Monday:

ASTI Holdings executive chairman and chief executive Michael Loh Soon Gnee is resigning from the semiconductor manufacturer and its listed units Advanced Systems Automation (ASA) and Dragon Group International (DGI) due to unspecified "personal reasons".

SINGAPORE (April 8): Michael Loh Soon Gnee, who has held the position of ASTI Holdings’ CEO since July 2013, has resigned citing “personal reasons” as he moves on to transition his duties within the next 12 months. Loh is also resigning as CEO from the group’s respective 44.5%- and 49.6%-ow...

ASTI Holdings nearly halved its net loss for the fourth quarter ended Dec 31, 2018, narrowing its loss to S$3.2 million versus S$6.3 million for the year-ago period. 

ASTI Holdings has been granted an extension by the Singapore Exchange to release its financial statements for the year ended Dec 31, 2018 and plans to release its fiscal 2018 results by March 31 at the latest.