Ascent Bridge Limited (SG:AWG) has released an update.
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Ascent Bridge Limited has secured a bridging loan of S$1,950,417.98 from Eastern Billion Industries Limited and Hu Yidong to address its liquidity challenges. This financial maneuver follows an unsuccessful attempt to secure SGX approval for a proposed placement after an interim injunction was discharged. The loan aims to stabilize the company’s operations by providing necessary working capital.
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