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.
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