The Straits Trading Company’s wholly-owned subsidiary STC Capital has entered into a share sale and purchase agreement with JL Equity II, a unit of the JL Family Office (JLFO)  for the proposed acquisition of JLFO’s 10.5% stake in Straits Real Estate for an aggregate consideration of $105 million in cash.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe