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Straits Trading shareholders' club a commendable initiative, but it should re-think co-investment plan

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Ben Paul

Ben Paul

Published Wed, Sep 29, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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