Intraco Ltd. (SG:I06) has released an update.
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Intraco Limited, a company on the SGX-ST watchlist, has reported an unaudited Q1 net profit before tax of S$140,000 and a net asset value of S$62.3 million, with plans to expand its product range and customer base in Southeast Asia. The firm has set up new subsidiaries in Vietnam and Singapore aimed at business initiatives and supply chain solutions, respectively, and has seen success in tokenizing short-term corporate papers, raising S$200 million in April. Additionally, Intraco is considering disposing of its passive fire protection business and has announced a capital reduction.
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