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The latest update is out from Ascent Bridge Limited ( (SG:AWG) ).
Ascent Bridge Limited has successfully placed 17,414,446 new ordinary shares at S$0.14 per share, raising net proceeds of approximately S$2,366,022 after expenses. The company has allocated these funds primarily for general working capital purposes, including rental and payroll-related expenses, which supports its operational stability and growth. This strategic financial move is likely to enhance the company’s liquidity and operational capabilities, potentially strengthening its market position and providing value to stakeholders.
More about Ascent Bridge Limited
Ascent Bridge Limited is a company incorporated in the Republic of Singapore. It operates within a group structure alongside its subsidiaries, focusing on providing various services and products, although specific industry details are not provided in the release.
Average Trading Volume: 672,542
Technical Sentiment Signal: Buy
Current Market Cap: S$73.14M
See more insights into AWG stock on TipRanks’ Stock Analysis page.