Silk Routes offers restructuring lifeline to BM Mobility

Singapore

MAINBOARD-LISTED electric transport company BM Mobility (BMM) has received a proposal and a memorandum of understanding (MOU) to explore a restructuring or reorganisation of the group.

Singapore-based boutique investment and advisory firm Silk Routes Financials is proposing to provide up to S$1 million as rescue funding to finance the proposed restructuring or reorganisation, which may involve an investment in the company and/or the acquisition or disposal of business, assets or undertakings.