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New Silkroutes Group (NSG)
Global Economy
Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds
Quoteworthy: "Ukrainian soldiers are doing with their blood what the UN Security Council should do by its voting."
September 21, 2023
Company in the news
Goh Jin Hian, former CEO of New Silkroutes Group and son of former PM Goh Chok Tong charged with false trading
Goh was charged with three other men with false trading offences under the SFA.
September 20, 2023
Deals, joint ventures & alliances
New Silkroutes Group signs MOU with Huawei to develop AI platform for genomics-driven healthcare
Shares in NSG closed 0.3 cent higher or 4% up at 7.8 cents on Jan 18.
January 18, 2021
New Silkroutes Group in JV to expand dental care services to Vietnam
SINGAPORE (Aug 7): New Silkroutes Group (NSG) is establishing a network of dental facilities and dental clinics in Vietnam -- with some help from a local partner.
August 07, 2018
Results
New Silkroutes' 1Q net loss widens to US$0.55 mil
SINGAPORE (Nov 9): New Silkroutes Group reported 1Q ended Sept net loss widened to US$551,000 ($751,000) from a net loss of US$162,000 a year ago.
November 09, 2017
New Silkroutes’ acquisition of Capital Group falls through
SINGAPORE (Sept 4): New Silkroutes Group’s proposed 100% acquisition of American investment holding company Capital Group Investments has lapsed due to “certain restructuring” within Capital Group.
September 04, 2017
Results
New Silkroutes cut losses by nearly half to US$1.8 mil in FY17
SINGAPORE (Aug 29): New Silkroutes Group (NSG), the investment holding company with exposure to the financial, energy, healthcare and real estate sectors, reported FY17 losses narrowed by 47% to US$1.79 million ($2.4 million) from US$3.4 million in FY16.
August 29, 2017
M&A
New Silkroutes to buy dental clinics and equipment suppliers for $5.3 mil
SINGAPORE (May 29): New Silkroutes Group is acquiring majority control of eight dental clinics and two dental equipment suppliers in Singapore in a deal worth $5.28 million.
May 29, 2017
Results
New Silkroutes 3Q net loss narrows
SINGAPORE (May 9): New Silkroutes Group posted a net loss of US$294,000 ($413,000) for the third quarter ended March, improving from a loss of US$1.2 million a year ago.
May 09, 2017
New Silkroutes Group makes foray into real-estate investment with new joint venture
SINGAPORE (March 1): New Silkroutes Group (NSG) is venturing into the real-estate investment space with the launch of a new joint venture, SilkrouteAsia Asset Management.
March 01, 2017