Ascent Bridge Limited Completes Loan Repayment via Placement

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

Ascent Bridge Limited has successfully completed a placement exercise, allowing it to fully repay a bridging loan from Eastern Billion Industries Limited and Hu Yidong. This financial maneuver, which involved issuing over 17 million new shares, has eliminated the company’s obligations under the loan agreement. The completion of this process ensures Ascent Bridge retains control over its subsidiary MTBL Global Pte Ltd.

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