Straits Trading

The Straits Trading Company is a conglomerate-investment company with stakes in ESR Group, Far East Hospitality and other entities. 

Straits Trading reports H1 loss of S$40.8 million

It cites two main factors for the decline, one of which is the remeasurement of exchangeable bonds following ESR’s delisting from Hong Kong’s stock exchange

The Straits Trading Company is listed on the mainboard of the Singapore Exchange.

Straits Trading expects to swing to net loss for H1

But its overall financial position remains healthy with sufficient liquidity to meet its operational and financial commitments, says the group

The Straits Trading Company's revenue for H2 FY2024 is 22% higher on year at S$312.1 million.

Straits Trading’s H2 loss narrows to S$12.5 million from S$43.5 million

This comes on the back of an improvement in revenue and the net fair value of investment properties

Eric Teng, chief executive officer at Straits Developments, expects the Straits City project to transform Butterworth from an industrial area into a vibrant, sustainable urban community.
TOPLINE

Straits Trading Company makes bold move in Malaysia with Penang’s Straits City project

The 40-acre mixed-use development in Butterworth aims to establish a vibrant hub of retail, residential, office and leisure spaces

Digital securities issued under The Straits Trading Company's new S$55 million multicurrency debt issuance programme will be issued and/or listed on digital platforms operated by Singapore's Digital Asset Exchange.

Straits Trading Company sets up S$55 million multicurrency debt issuance programme

The first issuance is for three-month commercial papers on digital securities platforms operated by SDAX

Straits Developments' group chief operating officer Eric Teng says the partnership will create opportunities for STC’s stakeholders to take part in the group's continued growth.

Straits Trading Company, SDAX to leverage cross offerings in new partnership

The tie-up offers Straits Trading Shareholders’ Club members and SDAX clients access to exclusive investment opportunities

Straits Trading notes in its filing to the Singpaore Exchange that the proposed sale is in line with its stated strategy of redeploying capital from its existing property portfolio of high quality but low yielding investment properties into potentially higher return real estate opportunities.

Straits Trading sells Adelaide property; consideration is A$10 million below independent valuation

THE Straits Trading Company is selling one of its industrial properties in South Australia for A$52.7 million (S$46.3 million) – an amount that is more than A$10 million below an independent valuation...