Ascent Bridge Limited Unveils Major Rights Issue

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

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.

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