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Straits Trading Co. Ltd. ( (SG:S20) ) just unveiled an announcement.
The Straits Trading Company Limited has announced the redemption and cancellation of S$284,000,000 worth of its 3.25% secured exchangeable bonds due 2028, following a Relevant Redemption Event. This action reduces the outstanding principal amount of the bonds to S$86,000,000, potentially impacting the company’s financial strategy and stakeholder interests.
More about Straits Trading Co. Ltd.
The Straits Trading Company Limited, incorporated in 1887, is a conglomerate-investment company with operations and financial interests in resources, property, and hospitality. It holds strategic stakes in Malaysia Smelting Corporation Berhad, a leading tin producer, and Far East Hospitality Holdings, along with a diversified property portfolio.
Average Trading Volume: 152,323
Technical Sentiment Signal: Buy
Current Market Cap: S$776.2M
For an in-depth examination of S20 stock, go to TipRanks’ Overview page.