New Silkroutes up 8% on private equity joint venture
Add BT as a preferred sourceINVESTMENT firm New Silkroutes Group, formerly Digiland International, is trading around 8 per cent higher after announcing a private equity joint venture with three other parties.
The joint venture will develop private equity funds that will focus on healthcare and infrastructure in the Asia-Pacific region, including Japan and Australia.
The Singapore-incorporated joint venture is owned 30 per cent by subsidiary New Silkroutes Capital, 30 per cent by the Singapore unit of Chinese conglomerate Nanshan Group, 30 per cent by former UOB banker Terence Ong Sea Eng, and 10 per cent by Fuji Capital.
As at 11.56am, the company was trading at S$0.825, up six cents or 7.8 per cent.
Share with us your feedback on BT's products and services
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
