Ascent Bridge Limited (SG:AWG) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Ascent Bridge Limited has announced a rights issue of 87,072,231 new shares at S$0.24 each to strengthen its position on the SGX-ST watch-list. Approval-in-principle for the rights shares listing has been granted, with a significant commitment from MTBL Global Holdings Pte. Ltd. to not only accept their full entitlement but also to apply for additional excess rights shares, reflecting a strong vote of confidence in the company.
For further insights into SG:AWG stock, check out TipRanks’ Stock Analysis page.
