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An update from Straits Trading Co. Ltd. ( (SG:S20) ) is now available.
The Straits Trading Company Limited has launched its second series of 3-month commercial papers on the digital securities platform SDAX, targeted exclusively at accredited and institutional investors with an interest rate of 3.70% per annum. The issuance is expected to raise between S$5 million and S$10 million, with the amount determined by investor demand, highlighting the company’s strategic approach to leveraging digital platforms for capital raising.
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.
YTD Price Performance: -0.50%
Average Trading Volume: 72
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €461.5M
For a thorough assessment of S20 stock, go to TipRanks’ Stock Analysis page.
