Ascent Bridge Limited (SG:AWG) has released an update.
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Ascent Bridge Limited’s wholly-owned subsidiary, Ascent Bridge (Hainan), has received a non-interest bearing, unsecured loan of RMB 10 million from QLQW, intended to support the subsidiary’s working capital and operations. QLQW, an international trading company and the global exclusive distributor of a premium Chinese liquor, has recently entered a joint venture with Ascent Bridge Limited to sell and distribute this product in China. Shareholders and investors have been urged to exercise caution and seek professional advice when dealing with the company’s securities.
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