Ascent Bridge Completes Loan Repayment via Share Placement

MT Newswires

01-02

Ascent Bridge (SGX:AWG) has fully repaid its bridging loan through a placement completed on Dec. 18, 2024, issuing 17.4 million new shares to Eastern Billion Industries, Hu Yidong, and another investor, according to a Tuesday filing on the Singapore Exchange.

With the repayment, the company is discharged from all loan-related obligations, removing the risk of losing control over MTBL Global.

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