Ascent Bridge Proposes to Sell Loss-Making Subsidiary MTBL CC for Approximately S$59500

NewTimeSpace News, April 2, 2026,Ascent Bridge announced that its wholly-owned subsidiary MTBL Global Pte. Ltd. has entered into a sale and purchase agreement with Nyonya Heritage Pte. Ltd. to sell all issued shares of MTBL CC for approximately S$59500.

Upon completion of the transaction, Ascent Bridge intends to use the net proceeds for general working capital. The company stated that the disposal will help the Group optimize its investment portfolio, generate cash flow, and reduce exposure to the operational and rental commitments of MTBL CC.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.