Ascent Bridge Limited Plans Rights Issue

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

Ascent Bridge Limited has announced a proposed rights issue, secured through a deed of undertaking from MTBL Global Holdings Pte. Ltd., which has conditionally committed to subscribing to its full entitlement of Rights Shares worth S$2,460,000 and to apply for additional shares valued at S$2,940,000. The undertaking is contingent on obtaining necessary approvals from the SGX-ST for listing the shares and from the company’s shareholders.

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