Raffles Financial Group (TSE:RICH) has released an update.
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Raffles Financial Group has empowered its CEO with the authority to manage assigned assets valued at C$20 million, now held as Hong Kong publicly-traded shares, intended for the company’s business development. The firm has also announced that it is in the process of a four-year audit, post-completion of which, it plans to resume trading on the CSE. Meanwhile, its operating subsidiary, OakTree Financial Ltd, is actively seeking advisory roles in the Greater Bay Area, focusing on restructuring and expansion assignments due to a subdued US IPO market.
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