Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Straits Trading Co. Ltd. ( (SG:S20) ) has provided an announcement.
The Straits Trading Company Limited has launched the fourth series of its 3-month commercial paper in digital securities under the SDAX CP Facility Programme, targeting accredited and institutional investors with an interest rate of 3.20% per annum. The company aims to raise between S$5 million and S$10 million, and this move is expected to enhance its financial flexibility and strengthen its market position by leveraging digital securities.
More about Straits Trading Co. Ltd.
Incorporated in 1887, The Straits Trading Company Limited is a conglomerate-investment company with operations and financial interests in resources, property, and hospitality. These include strategic stakes in Malaysia Smelting Corporation Berhad, ESR Group Limited, and Far East Hospitality Holdings, as well as a diversified property portfolio wholly owned by the Group.
Average Trading Volume: 95,862
Technical Sentiment Signal: Hold
Current Market Cap: S$687.9M
See more data about S20 stock on TipRanks’ Stock Analysis page.