Straits Trading Company (STC)

M&A

Yanlord Land revives $2.60 per share offer to buy over United Engineers

SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own.

M&A

Straits Trading to acquire Adelaide property for $7.2 mil

SINGAPORE (Sept 9): The Straits Trading Company is acquiring a parcel of land in Adelaide, Australia, for A$7.6 million ($7.2 million).

Malaysia Smelting Corp proposing 1-to-2 share split and 1-for-1 bonus issue

SINGAPORE (Apr 23): Malaysia Smelting Corp Bhd, the world’s second-largest supplier of refined tin, is proposing a share split and a one-for-one bonus issue.

Results

Straits Trading 1H earnings up 4.4% to $30.4 mil

SINGAPORE (Aug 14): The Straits Trading Company posts earnings of $30.4 million for the 1H ended June, up 4.4% from $29.2 million a year ago.

Broker's Calls

Straits Trading stands tall with majority stake in ARA Asset Management

SINGAPORE (May 17): OCBC Investment Research is maintaining its “buy” call on Straits Trading Company with an unchanged fair value estimate of $2.73, after it posted 1Q results which the research h

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