Ascent Bridge Limited Faces Board Reshuffle

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

Ascent Bridge Limited has received a requisition from MTBL Global Fund’s liquidators to hold an extraordinary general meeting (EGM) to vote on a series of corporate governance changes. The requisition includes proposals for the removal of four current directors and the appointment of four new directors. This move comes as MTBL Global Fund, holding a 39.58% share of the company, asserts significant influence over Ascent Bridge Limited’s board composition.

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