Corporate digest

New Silkroutes Group

THE Group has entered into separate memoranda of understanding to acquire 60 per cent stakes in each of six medical practices for an expected total price of S$11.7 million, the company announced on Tuesday after the market closed. Final terms, including pricing, are expected to be set about a week after the completion of due diligence.

M1

M1 will buy 100 per cent of integrated ICT network solutions provider AsiaPac Distribution via its wholly-owned subsidiary M1 Net. M1 said it will pay up to S$20 million, in a…