ASA Pays S$ 42,000 in Court-Ordered Security for Costs in Zico Capital Lawsuit
Bitget2026/10/29 15:04- Advanced Systems Automation paid S$ 42,000 in court-ordered security for costs on October 28, 2026, in litigation against Zico Capital.
- Singapore’s High Court ordered the payment on October 14, 2026, following Zico Capital’s application for security for costs.
- The company filed its lawsuit on July 22, 2026, disputing Zico Capital’s claims for payments allegedly due under engagement agreements.
- The board considers the payment manageable relative to working capital needs, with no systemic risk to operating cash flows.
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