ZICO Capital sued in Singapore as Advanced Systems seeks SGD 6.79 million damages

• ZICO Capital, a unit of ZICO Holdings, was served with a Singapore High Court claim filed July 22 by Advanced Systems Automation.
• Claim seeks SGD 6.79 million plus interest over alleged breaches tied to ZICO Capital’s roles as continuing sponsor, financial adviser on the LSO acquisition.
• Advanced Systems also applied for an interim injunction to block ZICO Capital from starting winding-up action based on a statutory demand.
• ZICO Capital is pursuing SGD 643,534.82 in unpaid fees and interest via the statutory demand, tied to sponsorship and advisory invoices.
• ZICO Capital denies the allegations, calls the claim retaliatory, and plans to defend; group is assessing potential financial impact.

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. ZICO Holdings Inc. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: H51YX8KE0Y12JQCR) on July 23, 2026, and is solely responsible for the information contained therein.