New Silkroutes Group Limited (SG:BMT) has released an update.
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New Silkroutes Group Limited has addressed shareholders’ concerns ahead of its AGM set for September 4, 2024, clarifying that the substantial increase in directors’ fees accounts for potential new appointees in FY2025 and remains unchanged for current directors. The company has also submitted a proposal to resume trading on the SGX-ST, which is pending queries. Additionally, they reported a goodwill impairment loss due to the disposal of TDH Group and HSI businesses.
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