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.