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Ascent Bridge Limited Defers Board Reconstitution Amid Acquisition Offer

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Ascent Bridge Limited Defers Board Reconstitution Amid Acquisition Offer

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Ascent Bridge Limited ( (SG:AWG) ) just unveiled an announcement.

Ascent Bridge Limited has announced a deferment in the reconstitution of its Board of Directors, initially planned following the resignation of Mr. Sun Quan from his roles as Director, Joint Chairman, and Joint Chief Executive Officer. This decision comes in light of a mandatory unconditional general offer by Montelion Global Holdings Pte Ltd to acquire all issued shares of the company, necessitating compliance with the Singapore Code on Take-overs and Mergers, which restricts board resignations during such offers.

More about Ascent Bridge Limited

Average Trading Volume: 669,432

Technical Sentiment Signal: Buy

Current Market Cap: S$73.14M

See more data about AWG stock on TipRanks’ Stock Analysis page.

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