New Silkroutes Group Limited ( (SG:BMT) ) has shared an announcement.
Coolan Group Limited, formerly known as New Silkroutes Group Limited, has announced significant changes in its management and operations following unauthorized transactions involving its subsidiary, Beijing Xiefei Business Management Co., Ltd. The board discovered that 100% equity interest in BJXF was transferred without approval, leading to the suspension of CEO Han Binke and the invalidation of these transactions. The company plans to take legal action to recover assets and has appointed new executive directors to stabilize operations.
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Current Market Cap: S$15.63M
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