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."
Goh Jin Hian, former CEO of New Silkroutes Group and son of former PM Goh Chok Tong charged with false trading - THE EDGE SINGAPORE

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.
New Silkroutes Group signs MOU with Huawei to develop AI platform for genomics-driven healthcare - THE EDGE SINGAPORE

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.

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.

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.

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.

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.

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.

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.

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.
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