Ascent Bridge (SGX:AWG) agreed to extend the loan repayment date to Capital Impetus by a further six months, according to a Friday filing with the Singapore Exchange.
Shares of the beverage alcohol distributor sunk nearly 13% in Monday trading.
Under the revised payment schedule, Capital Impetus is required to make the first tranche of repayment of SG$1.4 million by June 30 and the second tranche of SG$1.4 million by Dec. 31.
To date, Capital Impetus has made a partial payment of around SG$74,450, the filing said.
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