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Wednesday, 16 September 2015, 13:20 HKT/SGT
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Source: New Silkroutes Group Limited
Singapore's New Silkroutes Group Strengthens Its Roots in Malaysia
- Ahmad Fizal bin Othman appointed Chairman of Board of Directors -

SINGAPORE, Sept 16, 2015 - (ACN Newswire) - Singapore Exchange mainboard listed New Silkroutes Group Limited ('NSG'; SGX:G77) today announces the launch of New Silkroutes Capital Sdn Bhd ('NSC Malaysia'). The move marks the investment group's latest corporate development in Malaysia.

NSC Malaysia will focus on its core business in the three key sectors as NSG in Singapore, namely, Energy, Healthcare and Technology. It will scale on the same line of activities while tapping on Malaysia's petrochemical industry and the Infocomm & Technology expertise via Malaysia's Multimedia Super Corridor.

Dr Goh Jin Hian, Group CEO, commented, "We are delighted to strengthen our presence in Malaysia as we see burgeoning business opportunities in our neighbouring country. We will strive to seek new alliances to further fuel our growth momentum in the three target sectors that we focus on."

In August this year, Digiland Pte Ltd, the technology arm of NSG signed a memorandum of understanding with telecoms firm NTT MSC Sdn Bhd, a wholly-owned subsidiary of NTT Communications Corporation, to collaborate, develop and deploy cutting edge solutions in big data analytics and cloud-based services in e-Government, real estate/facilities management, healthcare IT and energy conservation.

The Board of Directors of New Silkroutes Capital Sdn Bhd is helmed by its new Chairman, Mr Ahmad Fizal bin Othman. Mr. Ahmad Fizal Bin Othman served as an Independent & Non-Executive Chairman of SBC Corp. Bhd from 21 August 2013 to 1 April 2015 and has extensive business experience in retail, multimedia and the technology industries.

Dr Goh, Group CEO, reinforced, "We are honoured to appoint Mr Ahmad Fizal bin Othman as our Chairman for NSC Malaysia. With a strong board of directors comprising eminent business leaders and management coming onboard, we are confident that we will be able to strengthen our market presence in Malaysia."


About New Silkroutes Group Limited

New Silkroutes Group Limited is an investment holding company listed on the mainboard of the Singapore Exchange [SGX:G77], focusing on three primary investment sectors, namely, Energy, Healthcare, and Technology. The company is engaged in oil and gas trading, enterprise info-communication system integration, network security and the marketing, sale and distribution of electronic and information technology products. Please access Bloomberg [NSG:SP] or Reuters [NEWS:SI], and visit http://newsilkroutes.org.

Contact:
New Silkroutes Group
c/o
Jean Yang Sook Chin,
Tel: +65 9363 6369
Ng Wei Joo, 
Tel: +65 9829 3211
ipr@newsilkroutes.org


Sept 16, 2015 13:20 HKT/SGT
Source: New Silkroutes Group Limited

Topic: New market for product
Sectors: Daily Finance, Enterprise IT
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