Straits Trading eyeing strategic partnerships, continued diversification

STRAITS Trading’s efforts to diversify its investments across areas like resources, property and hospitality have enabled the group to transform its business segments into scalable assets and sustainable growth engines over the years, Eric Teng, chief executive of the company’s subsidiary Straits Developments, said on Wednesday (Oct 5). 

Speaking to Ben Paul, a senior correspondent at The Business Times, during the second Mark to Market ‘Live’ webinar, Teng noted that the company has a three-pronged strategy in place – entering markets that it is familiar with, taking on risk-adjusted investments, as well as partnerships. 

Paul noted that Straits Trading has, over the years, formed partnerships with other groups and relied on collaboration. He cited examples of the company’s partnership Far East Orchard for the hospitality segment, as well as Nikko and UBS for the fund management area.