THE indirect subsidiaries of mainboard-listed New Silkroutes Group : BMT 0%, Healthsciences International (HSI) and HSI Dental, will be placed into creditors’ voluntary liquidation, said the company on Friday (Sep 29).

The two subsidiaries were placed into voluntary liquidation following the passing of resolutions at HSI’s extraordinary general meeting on Thursday. The move also followed HSI Dental’s written resolutions and confirmations by the subsidiaries’ creditors at their meetings on Friday.

In February, New Silkroutes sold three of its The Dental Hub-branded clinics to Catalist-listed Quantum Healthcare for a consideration of S$1.7 million.

The vendors of the three clinics are private companies which, before the sale, were 70 per cent owned by HSI Dental, which is in turn owned by HSI.

Shares of New Silkroutes have been suspended from trading since Nov 15, 2021.