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Straits Trading Company (STC)
Company in the news
Straits Trading Company partners SDAX to offer investment opportunities to its Shareholders’ Club
Investment opportunities on SDAX include commodity notes, trade finance notes, social bonds, a private credit fund and a fine art fund.
October 10, 2024
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
Special Event
How companies are transforming their businesses sustainably
The Edge Singapore held its first sustainability investment forum on June 13 with Straits Developments, UOB and LGT.
June 22, 2023
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
Property
Straits Trading Company acquires two Melbourne properties for $143.9 mil
The consideration will be funded by internal resources and bank borrowings.
February 11, 2022
Company in the news
Straits Trading Company launches private placement to raise $80.9 mil
The share placement will address the low trading liquidity of Straits Trading’s shares.
January 18, 2022
M&A
Yanlord Land revives $2.60 per share offer to buy over United Engineers
SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own.
October 25, 2019
M&A
Straits Trading to acquire Adelaide property for $7.2 mil
SINGAPORE (Sept 9): The Straits Trading Company is acquiring a parcel of land in Adelaide, Australia, for A$7.6 million ($7.2 million).
September 09, 2019
Malaysia Smelting Corp proposing 1-to-2 share split and 1-for-1 bonus issue
SINGAPORE (Apr 23): Malaysia Smelting Corp Bhd, the world’s second-largest supplier of refined tin, is proposing a share split and a one-for-one bonus issue.
April 23, 2018
Results
Straits Trading 1H earnings up 4.4% to $30.4 mil
SINGAPORE (Aug 14): The Straits Trading Company posts earnings of $30.4 million for the 1H ended June, up 4.4% from $29.2 million a year ago.
August 14, 2017