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New Silkroutes Group to raise $25 mil via share placement

Benjamin Cher Published on Thu, Dec 01, 2016 / 7:30 AM GMT+8

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SINGAPORE (Dec 1): New Silkroutes Group announced that it is raising up to $25 million in a share placement exercise.

Up to 80% of the placement proceeds will be used for acquisitions.

The company will issue up to 25.5 million new shares at 97 cents each. Shares of NSG last traded at $1 before its trading halt on Monday.

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