Ascent Bridge Limited (SG:AWG) has released an update.
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Ascent Bridge Limited has been hit with a legal challenge as MTBL Global Fund seeks injunctions against the company and its directors, excluding Luke Anthony Furler, to stop them from executing their obligations under the Placement Agreements. The court has provisionally granted this injunction, and the company’s board, minus Furler, is seeking legal advice on the matter and will keep shareholders informed of any significant updates. Shareholders are cautioned to consult professional advisors before making any decisions regarding their company securities.
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