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Straits Trading Co. Ltd. ( (SG:S20) ) has provided an update.
The Straits Trading Company Limited successfully closed its 3-month Series 004 digital commercial paper issuance on the SDAX platform, raising S$15.48 million. This issuance reflects strong investor demand and marks a significant step in the company’s digital securities initiatives, potentially enhancing its financial flexibility and market positioning.
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, a leading tin producer, and Far East Hospitality Holdings, as well as a diversified property portfolio wholly owned by the Group.
Average Trading Volume: 92,631
Technical Sentiment Signal: Hold
Current Market Cap: S$719.7M
Learn more about S20 stock on TipRanks’ Stock Analysis page.