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Ascent Bridge Limited ( (SG:AWG) ) has provided an announcement.
Ascent Bridge Limited announced a significant update regarding a proposed voluntary conditional general offer by MTBL Global Holdings Pte Ltd to acquire all issued shares not owned by MTBLGH at S$0.20 per share. Due to a prolonged delay in the Rights Issue, the Board has decided to terminate it, allowing MTBLGH to redirect funds towards the acquisition offer, potentially impacting the company’s financial restructuring and shareholder interests.
More about Ascent Bridge Limited
Ascent Bridge Limited, incorporated in Singapore, operates as a group with subsidiaries and is listed on the Singapore Exchange Securities Trading Limited. The company has been on the financial watch-list since December 2019.
Average Trading Volume: 26,791
Technical Sentiment Signal: Buy
Current Market Cap: S$63.21M
For an in-depth examination of AWG stock, go to TipRanks’ Overview page.