Ascent Bridge Limited Announces Partial Completion of Subsidiary Disposal

Key Highlights of the Announcement

• Partial Completion of Proposed Disposal: Ascent Bridge Limited has completed the transfer of 30% of the Sale Shares in its wholly owned subsidiary, MTBL Cultural Centre Pte. Ltd., to Nyonya Heritage. This marks a significant step in the previously announced proposed disposal of the subsidiary.
• Retention of Majority Control: MTBL Global, the holding entity, continues to hold 70% of the Sale Shares, meaning MTBL Cultural Centre Pte. Ltd. remains a subsidiary of Ascent Bridge Limited.
• Conditional Completion and Reversal Mechanism: If the full completion of the disposal cannot occur by 31 May 2026, the Share Purchase Agreement (SPA) will terminate. In such an event, Nyonya Heritage must transfer its 30% stake back to MTBL Global immediately, except in cases where the failure to complete is solely due to MTBL Global’s breach. If MTBL Global is solely at fault, Nyonya Heritage is entitled to retain its 30% of the Sale Shares.

Important Information for Shareholders

• Trading Caution: The management has issued a caution to shareholders and potential investors, highlighting that the proposed disposal and related transactions are subject to numerous conditions. There is no guarantee that the disposal will be completed, nor that the terms will remain unchanged.
• Potential Share Price Impact: The ongoing disposal process and the uncertainty regarding its completion are potentially price-sensitive. Investors should be aware that the outcome could materially affect the company’s structure and future earnings, especially if the disposal is not completed or if the terms change.
• Further Announcements Expected: The company has committed to making additional announcements as developments occur. Investors are urged to monitor these updates closely.
• Legal and Financial Advisory Recommended: Shareholders and potential investors are strongly advised to consult professional advisers (stock brokers, bank managers, solicitors, etc.) if uncertain about the actions to take with respect to their holdings.

Management Statement

The announcement was issued by Qiu Peiyuan, Chairman and CEO of Ascent Bridge Limited, on 16 April 2026. This underscores the significance of the transaction at the highest level of company leadership.

Summary for Investors

The partial completion of the subsidiary disposal and the conditional nature of the remaining sale are key developments for Ascent Bridge Limited. Investors should note the possibility of reversal and the legal stipulations regarding breach. The outcome could alter the Group’s ownership structure and financial outlook, which may in turn influence share valuation. Shareholders should stay vigilant for further updates and assess the risks and opportunities presented by this transaction.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult qualified professionals before making any investment decisions. The information is accurate as of the date of the announcement and may be subject to change.

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