In March 2024, the Company incorporated a wholly owned subsidiary, Tradetok Pte. Ltd. with an initial issued share capital of US$100,000 to expand its trading and distribution business offerings and seize business opportunities to assist and offer customers in Singapore and the region trade finance and supply chain solutions. As a start, Tradetok will focus on assisting and supporting customers in the energy and metal sectors. The issued share capital was subsequently increased to US$15.0 million on July 2024 to fund its business growth. During the year, the Group facilitated its customers in raising trade finance of approximately US$100.0 million.
Intraco Trading and Tradetok are wholly owned subsidiaries of Intraco.
