Straits Trading shareholders' club a commendable initiative, but it should re-think co-investment plan
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THE Straits Trading Company's announcement on Sept 8 that it had launched a "shareholders' club" to strengthen ties with investors might have left some market watchers scratching their heads.
Over the preceding month, the real estate group that also owns a controlling stake in the world's third-largest tin producer had made a number of announcements that boosted its stock price and put it on the radar of many investors.
In particular, on Aug 5 its shares jumped nearly 14 per cent on elevated trading volume after the news broke that ARA Asset Management - in which Straits Trading held a nearly 19 per cent stake - was being acquired by Hong Kong-listed ESR Cayman for US$5.2 billion.
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