New Silkroutes Group Limited ("NSG") wholly-owned subsidiary New Silkroutes Capital Pte Ltd ("NSC") will acquire a 66% stake in European fund manager Culross Global Holdings Limited and all its related companies (collectively "Culross Global") in a deal worth US$2.6 million.
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Healthsciences International Pte Ltd ("HSI"), through its fully owned subsidiary HSI Nominees A Pte Ltd, will pay approximately S$3.2 million to acquire a 70% stake in three dental clinics in Singapore as part of efforts to accelerate its growth. HSI is a subsidiary of New Silkroutes Group Limited ("NSG" or the "Group") and holds the Group's healthcare investments.
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New Silkroutes Group Limited will acquire majority control of eight dental clinics and two dental equipment suppliers in Singapore in a deal worth S$5.28 million, paving the way for it to expand the capabilities of its recently installed healthcare subsidiary, Healthsciences International Pte Ltd.
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New Silkroutes Group Limited ("NSG" or the "Group") has raised its revenue forecast for oil trading by 29% to US$400 million for its current financial year ending 30 June 2017, following another quarter of strong performance by its wholly-owned International Energy Group Pte Ltd.
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New Silkroutes Group Limited ("NSG" or the "Group") announced today its foray into real estate investment with the launch of a joint-venture company that will focus on residential and commercial projects in the world's three largest economies and several other Asian markets.
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New Silkroutes Group Limited ("NSG" or the "Group"), an investment holding company with core capabilities in energy trading and healthcare management, said today its wholly-owned International Energy Group Pte Ltd ("IEG") has achieved its biggest quarterly revenue and net profit since the oil and gas subsidiary started operations in June 2015.
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New Silkroutes Group Limited ("NSG") will acquire an 80% stake in New York-based CG Capital Markets Holdings LLC ("CGCMH") and all its subsidiaries, including FINRA-registered broker-dealer CG Capital Markets LLC ("CGCM"), for US$14.4 million, in a major push to expand its own investment business and diversify its business lines.
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New Silkroutes Group Limited has signed a memorandum of understanding with China Shipbuilding Industry Equipment and Materials Co Ltd to procure crude oil and petroleum products for the state-owned capital goods supplier and to explore collaboration in China and Singapore.
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New Silkroutes Group ("NSG" or "the Group") has formed a joint venture with three parties, including the Singapore subsidiary of China's Nanshan Group, to develop private equity funds that will focus on healthcare and infrastructure in the Asia Pacific region, including Japan and Australia.
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New Silkroutes Group Limited ("NSG" or "the Group") will acquire a 51% stake in Singapore-based Healthsciences International Pte Ltd ("HSI") in a move marking its foray into the healthcare sector in Asia.
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Singapore Exchange ("SGX") mainboard listed New Silkroutes Group Limited ("New Silkroutes" or "the Group") is pleased to announce that Malta's Ministry of Energy and Health has emerged as its new shareholder in IEG Malta Limited ("IEG"), a joint venture set up to transform Malta into the preferred oil and gas trading hub in the Mediterranean.
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Singapore Exchange ("SGX") mainboard listed New Silkroutes Group Limited ("NSG") today announces the launch of New Silkroutes Capital Sdn Bhd ("NSC Malaysia"). The move marks the investment group's latest corporate development in Malaysia.
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