Even as penny stock Ascendis heads towards some sort of resolution after a massive debt crisis forced the company to dispose of its best assets in recent months, shareholders are vying to control the direction in which the company is headed. Even as penny stock Ascendis heads towards some sort.
Ascendis has managed to cut it debt down from R6.7 billion on 30 June 2021 to R582 million at the end of December 2021 through a recapitalisation plan.