Ascent Bridge Limited (SG:AWG) has released an update.
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Ascent Bridge Limited has announced receiving an additional conditional letter of undertaking from MTBL Global Holdings Pte. Ltd., promising to apply for up to S$5.6 million in excess Rights Shares, bringing their total commitment to S$11 million for the company’s Proposed Rights Issue. This move is subject to approval from the SGX-ST for the listing of the Rights Shares and the forthcoming consent of shareholders at an extraordinary general meeting.
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