In the recent EGM, Ascent Bridge had also received shareholders' approval to acquire 100% shareholding interest in MTBL Global for an aggregate consideration of $16,965,000.
AEI Corp has received shareholders' approval to change its name to Ascent Bridge, following its extraordinary general meeting (EGM) held on March 3.
This is to better reflect the company’s focus on its new business, diversifying into the production, sale and distribution of food and beverages (F&B). The company had previously struggled with its aluminium parts business.
