Ascent Bridge Uses SG$422,000 Placement Proceed for Working Capital

MT Newswires

03/24

Ascent Bridge (SGX:AWG) said it used SG$422,000 of the SG$2.4 million raised from a recent share placement for working capital, according to a Friday filing on the Singapore Exchange.

The funds covered SG$81,000 in directors' fees, SG$301,000 in supplier payments, SG$38,000 in rental expenses, and SG$2,000 in other costs.

The company has SG$1.6 million remaining from the proceeds.

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