Trident Limited — Board Meeting, 14-12-2024: Outcome of Board Meeting

The Board of Directors of Trident Limited has granted in-principle approval for restructuring its overseas subsidiary structure, involving the sale of shareholding in Trident Global Inc. (USA) and Trident Europe Limited (UK) to Trident Group Enterprises Pte. Ltd. (Singapore). This will lead to these entities becoming wholly-owned subsidiaries of Trident Group Enterprises and step-down subsidiaries of Trident Limited, streamlining governance and compliance costs. Additionally, the Board has approved a total fund infusion of approximately USD 10 million for acquiring THTL Trading L.L.C. (UAE) and supporting further business growth initiatives.