Ascent Bridge (SGX:AWG) wholly owned subsidiary, Ascent Bridge Singapore, entered into a collaboration with Jiugui Liquor, a subsidiary of COFCO Group, according to a filing with the Singapore Exchange on Tuesday.
Through the partnership, the two brands will bring the premium Chinese Baijiu to the international market. The co-branded launch will be exclusively available in duty-free stroes at major international airports.
Shares of the liquor company surged nearly 12% in recent trading.
Price (SGD): S$0.34, Change: S$+0.035, Percent Change: +11.67%
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