HOCK LOCK SIEW

SHARES of New Silkroutes Group (NSG) perked up when it said it would divest its oil trading business to focus on healthcare, but the rally was short-lived.

A SUBSIDIARY of New Silkroutes Group (NSG) has sold its entire stake in International Energy Group (IEG) for US$10 million in cash, the group said in a Singapore Exchange filing on Monday.

THE independent auditor for New Silkroutes Group has issued a qualified opinion on the group's financial statements for the year to June 30, said the board on Wednesday night.

TOPLINE

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....

HEALTHCARE and energy firm New Silkroutes Group has acquired six family medicine and aesthetics clinics through its subsidiary HSI Medical for S$11.4 million, extending its healthcare offering...