New Silkroutes Group Limited (SG:BMT) has released an update.
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New Silkroutes Group Limited’s subsidiary, Hequ Yuanyang Industrial Co., Ltd., has temporarily halted operations due to a government mandate aimed at protecting the Yellow River Basin’s ecological environment. The company has made significant progress in meeting environmental standards, investing RMB4.52 million in compliance efforts, and has secured creditor agreements to extend repayment periods during this shutdown. These advancements position HYI favorably for resuming operations once they receive clearance from local authorities.
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