Ascent Bridge Limited Utilizes Share Placement Proceeds for Operational Stability
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Ascent Bridge Limited has raised approximately S$2,366,022 through the placement of new ordinary shares. The net proceeds will be used for general working capital, including payments to suppliers, professional fees, rental expenses, and payroll. This financial strategy aims to support the company's operational expenses and enhance its financial stability. Ascent Bridge Limited is incorporated in Singapore and operates within a group structure, although specific industries are not detailed.
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