Straits Trading Company

Results

Straits Trading sees near-trebling of 4Q earnings to $14.1 mil despite lower revenue

SINGAPORE (Feb 28): Straits Trading Company saw its 4Q18 earnings nearly treble to $14.1 million from $5.2 million a year ago, mainly due to higher other items of income as well as reduced other items of expense.

February 28, 2019

Property

Straits Trading acquires $12.2 mil stake in Saitama residential property

SINGAPORE (Mar 15): The Straits Trading Company has taken a stake in a residential property in Higashi Kawaguchi, Saitama, Japan, via the Savills IM Japan Residential Fund.

March 15, 2018

Property

Straits Trading acquires Tokyo residential property for $5.4 mil

SINGAPORE (Sept 29): Straits Trading Company is acquiring a freehold six-storey rental residential apartment in Tokyo, Japan, for about $5.4 million which is to be funded by internal resources and bank borrowings.

September 29, 2017

Property

Straits Trading buys stake in Sydney office building for $123 mil

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.

June 06, 2017

Confirmed: John Lim-led consortium to buy out ARA Asset Management in $1.8 bil deal

SINGAPORE (Nov 8): ARA Asset Management on Tuesday announced a joint proposal by a consortium led by group founder and chief executive officer John Lim to privatise the company in a takeover offer at $1.78 per scheme share.

November 08, 2016