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Hiap Hoe shares rise 3%; firm owns units at Orchard Towers

Its subsidiary is the registered proprietor of 59 strata lots at Orchard Towers

Yong Jun Yuan

Published Sat, Aug 21, 2021 · 05:50 AM

Singapore

SHARES of Hiap Hoe rose sharply in early morning trade on Friday, after the company revealed in a regulatory filing after the market closed on Thursday that it owns 59 strata lots in Orchard Towers via its subsidiary, Golden Bay Realty.

As at 9.01 am, the mainboard-listed company's shares hit an intra-day high of 69.5 cents, up 6.1 per cent or four Singapore cents, after 61,100 shares changed hands.