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Stocks to watch: Stamford Land, Jumbo

Ilyas Salim
Published Tue, Oct 11, 2022 · 08:17 AM

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 11): 

Stamford Land : H07 0%: The company will divest both its Stamford Plaza Auckland hotel property in New Zealand as well as the business and business assets of its operator, Spak (1996), for a total consideration of NZ$170 million (S$137.5 million). Net profit from the disposal is estimated to be NZ$18 million, and proceeds wi…

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