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Ascent Bridge Limited ( (SG:AWG) ) has shared an announcement.
Ascent Bridge Limited announced the sale of its entire treasury shares totaling 3,009,200, previously accounting for 2.88% of its total ordinary shares, to Millennium Harvest Group Ltd. for S$421,288. This sale aims to increase the liquidity of the company’s shares, with proceeds being utilized for general working capital, reflecting a strategic move to optimize financial resources without involving any directors or substantial shareholders.
More about Ascent Bridge Limited
Ascent Bridge Limited is a company incorporated in the Republic of Singapore, operating within the financial sector. The company, together with its subsidiaries, focuses on enhancing liquidity and managing its capital structure through strategic financial activities.
YTD Price Performance: 47.37%
Average Trading Volume: 15,942
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$29.26M
Learn more about AWG stock on TipRanks’ Stock Analysis page.