Ascent Bridge Limited (SG:AWG) has released an update.
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Ascent Bridge Limited is addressing its liquidity challenges by proposing a rights issue of up to 87 million new ordinary shares at S$0.24 each, alongside a completed placement of over 17 million shares at S$0.14 each and securing a bridging loan. The company is actively pursuing regulatory approvals to finalize these initiatives, aiming to stabilize its financial standing and keep investors informed of its progress.
For further insights into SG:AWG stock, check out TipRanks’ Stock Analysis page.