Raffles Financial Group (TSE:RICH) has released an update.
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Raffles Financial Group Limited has transferred a C$20 million deposit in overseas publicly-traded shares to the CEO’s personal brokerage account, to be held until the company can open an overseas subsidiary account. The transferred funds are intended for business development and will be treated as assets held for sale. Additionally, the company has engaged HML & Co for the audit of accounts from 2021-2024, with the audit process expected to take at least three months.
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