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New Silkroutes shares pick up on dental clinic acquisitions

Nisha Ramchandani

Nisha Ramchandani

Published Wed, Oct 11, 2017 · 09:50 PM
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Singapore

SHARES in New Silkroutes Group (NSG) rose 2.5 Singapore cents or 6.3 per cent to close at 42 Singapore cents on Wednesday after it announced that its subsidiary was acquiring a 70 per cent stake in three dental clinics in Singapore.

Healthsciences International (HSI) - in which NSG holds a 69.35 per cent stake - is investing in the three clinics to expand its healthcare business.

To pay for the acquisition, NSG will issue some 7.2 million new shares at 44 Singapore cen…

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