Ascent Bridge (SGX:AWG) received in-principle approval from the Singapore Exchange for the listing and quotation of 17,414,446 placement shares, a filing with the Singapore Exchange said on Friday.
In an earlier filing, the company had agreed to allot and issue the shares to subscribers at a SG$0.14 per placement share price and an aggregate consideration of SG$2.4 million.
Net proceeds from the placement will be used for general working capital purposes and to meet general overheads.
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