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The Straits Trading Company
Property
Straits Trading unit enters JV to acquire Shanghai mall for $469.5 mil
SINGAPORE (Dec 18): The Straits Trading Company is taking up a 37.7% stake in a joint venture with ARA Asset Management and ICBC International Investment Management to acquire a retail mall in Shanghai, China for RMB 2.42 billion ($469.5 million), the gro
December 18, 2019
Property
Straits Trading to sell four residential properties in Osaka for $103 mil
SINGAPORE (Dec 11): The Straits Trading Company, through its subsidiary, Straits Real Estate (SRE), is selling four residential properties, located in Central Osaka, Japan, for a total consideration of JPY 8.25 billion ($103.2 million), the company repo
December 11, 2019
Results
Straits Trading posts 25.5% drop in 2Q earnings to $25.3 mil
SINGAPORE (Aug 14): The Straits Trading Company recorded 2Q19 earnings of $25.3 million or 6.2 cents per share, 25.5% lower than $33.9 million in 2Q18.
August 14, 2019
Property
Far East Hospitality expands regional footprint in Vietnam with 2 hotel management contracts
SINGAPORE (Apr 17): Far East Hospitality, the operator of hotels and serviced residences, announced that it is expanding its regional footprint into Vietnam.
April 17, 2019
Results
Straits Trading posts 18% rise in 3Q earnings to $14 mil on enlarged portfolio
SINGAPORE (Nov 15): The Straits Trading Company reported earnings of $14.0 million for the 3Q18 ended September, some 18.1% higher than earnings of $11.9 million a year ago.
November 15, 2018
Property
Straits Trading to acquire portfolio of Australian logistics properties for $39.3 mil
SINGAPORE (Sept 12): The Straits Trading Company announced on Tuesday its subsidiary, Straits Real Estate, will acquire portfolio of logistics properties across Australia via the subscription for 80% of the issued units in ILP No. 1 Trust for a total sum
September 12, 2018
Results
Straits Trading posts 53.6% drop in 1Q earnings to $9.7 mil
SINGAPORE (May 15): The Straits Trading Company saw its earnings fall 53.6% to $9.7 million for the 1Q ended March, from $20.9 million a year ago.
May 15, 2018
M&A
Straits Trading invests $106.5 mil in Savills Japan residential property fund
SINGAPORE (Jan 4): The Straits Trading Company is investing in a Savills fund focusing on residential properties in Japan.
January 04, 2018
Property
Straits Trading Company buys Perth office building for $56 mil
SINGAPORE (Dec 7): The Straits Trading Company is acquiring an office building in Perth, Australia, for A$54.2 million ($55.7 million).
December 07, 2017
Results
Straits Trading's 3Q earnings fall 29% to $12 mil on higher expenses
SINGAPORE (Nov 10): Investment company The Straits Trading Company saw its earnings drop 29.4% to $11.9 million in the 3Q ended September, down from $16.8 million a year ago.
November 10, 2017