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An announcement from Straits Trading Co. Ltd. ( (SG:S20) ) is now available.
The Straits Trading Company Limited has launched the third series of its 3-month commercial paper in digital securities on the SDAX platform, targeting accredited and institutional investors with an interest rate of 3.20% per annum. The issuance aims to raise between S$5 million and S$10 million, reflecting the company’s strategic move to leverage digital platforms for capital raising, potentially impacting its financial operations and market positioning.
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. It holds strategic stakes in Malaysia Smelting Corporation Berhad, a leading tin producer, ESR Group Limited, and Far East Hospitality Holdings, along with a diversified property portfolio.
YTD Price Performance: -7.00%
Average Trading Volume: 31
Technical Sentiment Signal: Strong Buy
Current Market Cap: €401.5M
For detailed information about S20 stock, go to TipRanks’ Stock Analysis page.