Ascent Bridge Exec Faces MAS Enforcement Actions

Ascent Bridge Limited (SG:AWG) has released an update.

Ascent Bridge Limited acknowledges that the Monetary Authority of Singapore has taken enforcement actions against China Capital Impetus Asset Management, its Executive Director, and former CEO for regulatory breaches. The implicated executive, Mr. Sun Quan, who also serves as the Executive Chairman and CEO of Ascent Bridge Limited, has been issued a two-year prohibition order. This order restricts him from engaging in regulated activities and from holding management positions in the capital markets sector.

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