Intraco Ltd. (SG:I06) has released an update.
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Intraco Limited has announced that its subsidiary, Intraco Trading Pte Ltd, will receive a final dividend of S$4.99 million from the liquidator of Timor Global Pte. Ltd., which is in liquidation. This payment represents about 44% of the subsidiary’s validated claims worth S$11.24 million. The company had previously recognized S$3.8 million as income and will account for the remaining S$1.19 million in the current financial year.
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