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New Silkroutes up 9% on private equity JV

Saturday, October 8, 2016 - 05:50

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Goh Jin Hian, New Silkroutes Group CEO, said that the new joint venture complements its existing investment management arm, which is also exploring healthcare opportunities.

Singapore

SHARES in New Silkroutes Group, an oil and gas trader, rose 9 per cent on Friday after the firm announced a private equity joint venture with three other parties.

The counter closed at S$0.835, up seven Singapore cents or 9.2 per cent. Almost six million shares worth S$5

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