Trading in St James halted ahead of EGM
TRADING in the shares of St James Holdings was halted on Friday morning, ahead of a shareholder vote on the nightlife entertainment group's proposed transformation into a real estate developer.
The group intends for St James to be renamed Perennial Real Estate Holdings, and for its listing status to be transferred from Catalist to the SGX mainboard. The enlarged group will have assets in China, Singapore, and emerging markets.
St James said in an SGX announcement that its board recommends shareholders to vote in favour of the proposed transactions.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case