New Silkroutes plans independent review of deals signed with China entity

Singapore

HEALTHCARE and energy firm New Silkroutes Group will appoint an independent public accounting firm to review matters relating to two of its agreements involving a China unit, and the valuation of its stake in a Thai firm.

This comes after independent external auditor Deloitte & Touche included a disclaimer of opinion on the group's financial statements for the fiscal year ended June 30.

Deloitte said in its Oct 14 report that it was unable to obtain sufficient audit evidence on matters including the business rationale, commercial substance and structuring of two agreements that New Silkroutes' w…

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