New paths for New Silkroutes
Energy will be the "stable business", the background against which its healthcare business can grow, says CEO Goh Jin Hian.
Janice Heng
NEW Silkroutes Group may have gone in many directions over the last three years, but its management has a clear long-term route in mind for the group's healthcare business.
This journey begins by landing hospital management contracts - perhaps complemented with strategic primary care acquisitions - and then acquiring equity in the hospitals, perhaps with the possibility of building up to a healthcare Reit in the future.
"We are more likely to become a strong healthcare player than a strong energy player," says chief executive officer Goh Jin Hian, referring to the firm's two main businesses today.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023