Ascent Bridge Limited Expands into Baijiu Market

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

Ascent Bridge Limited has announced a strategic move into China’s baijiu market, entering a Joint Venture Agreement to distribute and supply the high-demand liquor, leveraging the exclusive distribution rights of Moutai Bulao 125 ml by a major Chinese producer. Additionally, the firm has proposed an expansive rights issue, planning to offer nearly 87 million new shares at S$0.24 each to bolster its capital structure and fund its growth initiatives.

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