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An announcement from Ascent Bridge Limited ( (SG:AWG) ) is now available.
Ascent Bridge Limited announced that MTBL Global Holdings Pte Ltd did not proceed with a proposed voluntary conditional general offer. Subsequently, Montelion Global Holdings Pte Ltd, formerly known as MTBL Global Holdings, made a mandatory unconditional general offer to acquire all issued and paid-up ordinary shares of the company. This move follows Montelion’s acquisition of shares, increasing its holdings to 60.18%, thereby obligating it to make the offer under Singapore’s securities regulations. The offer document and acceptance forms have been disseminated to shareholders.
More about Ascent Bridge Limited
Ascent Bridge Limited, incorporated in Singapore, operates in the financial industry and is listed on the Singapore Exchange Securities Trading Limited. The company, along with its subsidiaries, has been on the watch-list under financial entry criteria since December 2019.
Average Trading Volume: 678,787
Technical Sentiment Signal: Sell
Current Market Cap: S$32.91M
For an in-depth examination of AWG stock, go to TipRanks’ Overview page.