Company Briefs: New Silkroutes Group

New Silkroutes Group

New Silkroutes Group will acquire a 51 per cent stake in Singapore-based healthcare firm Healthsciences International (HSI) for $2.2 million.

The acquisition will enable the group to offer services ranging from primary and preventive care to systems integration and enterprise resource planning for hospitals and clinics.

HSI, which was established in 1994, has a healthcare practice group with expertise to design, develop and run hospitals.

It also offers primary and preventive healthcare through its three local clinics.

Datapulse Technology

Datapulse Technology's net profit fell by 44.6 per cent to $905,000.

Revenue for the year ended July 31 was down 8.4 per cent at $23.3 million, owing to weaker demand for media storage products and services.

Earnings per share slumped to 0.41 cent from 0.81 cent previously while net assets value per share slipped by 0.18 cent to 21.57 cents.

The provider of CD, DVD and Blu Ray disc services noted that the operating environment in the media storage industry continues to be challenging due to weak market demand for media storage products and services.

It added that it will keep a close tab on the technological and business developments within the media storage industry, and explore other investment and business opportunities.

A final dividend of 0.3 cent a share was recommended, up from 0.2 cent last year.

Nordic Group

Nordic Group said its wholly owned subsidiaries Nordic Flow Control and Multiheight Scaffolding have recently clinched several contracts, with a total value of about $4.8 million.

The contracts were secured with repeat customers - comprising multinational companies and firms in the marine, oil and gas, and process industries.

A version of this article appeared in the print edition of The Straits Times on September 16, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe