New Silkroutes soars on private equity JV

SINGAPORE (Oct 7): Shares in New Silkroutes Group rose 7.8% or 6 cents to 82.5 cents after announcing it is making a foray into the world of private equity.

(See also: New Silkroutes in joint venture to offer private equity funds in Asia Pacific)

New Silkroutes says it 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 Asia Pacific’s healthcare and infrastructure sectors.

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