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New Silkroutes in US$14m deal for stake in NY broker-dealer

Buying into CG Capital Markets Holdings and subsidiaries is part of strategy to expand investment, fund management arm


INVESTMENT holding company New Silkroutes Group (NSG), which gets the bulk of its revenue from oil trading, has inked a deal to buy 80 per cent of an American broker-dealer and investment bank for US$14.4 million, it said Friday morning in a Singapore Exchange filing.


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