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Trident Limited's Board has granted in-principle approval to restructure its overseas subsidiaries, selling its stakes in Trident Global Inc. (USA) and Trident Europe Limited (UK) to Trident Group Enterprises Pte. Ltd. These subsidiaries will become wholly-owned entities of the Singapore-based company, simplifying governance and reducing compliance costs.
Additionally, the Board has proposed the acquisition of THTL Trading L.L.C., a Dubai entity, with an expected investment of approximately USD 0.04 million, aiming to diversify operations in the global market. Overall, Trident plans to infuse up to USD 10 million to support these acquisitions and further business growth initiatives, enhancing its market positioning.