Brief: Ascent Bridge Says Received Notification Of Court Application Against Chairman On March 9
10/03/2023 06:01
March 10 (Reuters) - Ascent Bridge Ltd ASCE.SI :
* BOARD HAS RECEIVED A NOTIFICATION ON 9 MARCH FROM CHAIRMAN
THAT
A BANKRUPTCY APPLICATION HAS BEEN FILED AGAINST HIM ON 2 MARCH
* CHAIRMAN INFORMED BOARD THAT HE IS IN PROCESS OF SETTLING
MATTER
AND WILL INFORM BOARD OF ITS PROGRESS
* APPLICATION AROSE FROM CHAIRMAN HAVING GUARANTEED
REPAYMENT OF
LOAN EXTENDED BY APPLICANT TO ONE OF HIS WHOLLY-OWNED COMPANIES
Source text for Eikon: ID:nSN4mdHRY
Further company coverage: ASCE.SI
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