$The Place Holdings Ltd (E27.SG)$$Ascent Bridge (AWG.SG)$ As...
Ascent Bridge says that Sun Quan, its chairman and CEO, has on Mar 30 fully settled the outstanding amount of a bankruptcy court application. The bankruptcy claim against Sun was first announced by the company on Mar 10.
He is now "liaising" with the claimant's lawyer to "discontinue/withdraw" the claim, states the company on Mar 31.
Sun Quan is also the non-executive director of The Place. Is this the end of The Place's problems?
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bullrider_21OP Sting: Maybe he doesn't need to sell The Place shares to raise funds any more.