Ascent Bridge (SGX:AWG) is expediting the process of gaining necessary regulatory approvals for its right issue, while also exploring short-term financing solutions to improve the company's liquidity, according to a filing with the Singapore Exchange on Friday.
The company had proposed a rights issue on Dec. 8, 2023, to raise funds of around SG$20.9 million. On June 10 and June 20 this year, the company received undertakings from a majority shareholder to subscribe to rights shares of up to SG$11.0 million.
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