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The Straits Trading Co (STC)
Results
Straits Trading reports $28.6 mil loss in FY2023 on lower revenue and higher funding costs
An interim dividend of 8 cents per share has been declared for the period, to be paid on July 2.
February 27, 2024
Property
Straits Trading to acquire properties and development plots in UK for $219.4 mil
The acquisition will help lift recurring income and bring about potential development upside
June 29, 2022
Funds
Straits Trading Company prices $170 mil notes due 2026 with 4.10% p.a. coupon
The notes are expected to be issued on May 4 and listed on the Singapore Exchange (SGX) the day after.
April 26, 2022
M&A
Straits Trading acquires JL Family Office's stake in Straits Real Estate for $105 mil
Post-transaction, Straits Real Estate will become a fully owned subsidiary of Straits Trading.
April 05, 2021
Broker's Calls
Potential near-term relisting of ARA a 'key' catalyst for Straits Trading: DBS
The move, which the brokerage estimates could be worth up to $6.4 billion, could benefit STC “significantly”, DBS says.
March 05, 2021