New Silkroutes Group Limited (SG:BMT) has released an update.
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New Silkroutes Group Limited, a Singapore-based company, has expanded its operations in China with the setup of a wholly-owned subsidiary, Heilongjiang Xingzhou Port Agricultural Development Co., Ltd. (HLJ), through its indirect subsidiary. HLJ, with a focus on agricultural and IT consulting, has a registered capital of RMB 5,000,000 and is financed by internal resources, with no significant impact expected on the company’s financials for the fiscal year ending June 2024.
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