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Straits Trading Co. Ltd. ( (SG:S20) ) just unveiled an announcement.
Straits Trading Co. Ltd. announced that its joint venture, Ivory SL Joint Venture Limited, received a demand notice from its lender due to a failure to repay a loan related to a Shanghai retail mall acquisition. The lender has declared the outstanding sum of approximately USD 52.5 million as immediately due, and may exercise rights over the joint venture shares if the amount is not settled, potentially impacting Straits Trading’s control over its investment.
The most recent analyst rating on (SG:S20) stock is a Hold with a S$1.50 price target. To see the full list of analyst forecasts on Straits Trading Co. Ltd. stock, see the SG:S20 Stock Forecast page.
More about Straits Trading Co. Ltd.
Straits Trading Co. Ltd. operates in the real estate industry, focusing on property investments and management. The company is involved in joint ventures to acquire and manage retail properties, such as a retail mall in Shanghai, China.
YTD Price Performance: 16.79%
Average Trading Volume: 141,707
Technical Sentiment Signal: Buy
Current Market Cap: S$752.6M
See more data about S20 stock on TipRanks’ Stock Analysis page.