Straco Corporation, which operates tourist attractions in China such as the Shanghai Ocean Aquarium, expects to report a loss for the full year ended Dec 31 2020, as the pandemic hurt its operations.

In addition, the company will take an impairment on the value of investment properties held by its subsidiary Straco Leisure, which holds the Singapore Flyer.

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

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook