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Straits Trading Announces Voluntary Liquidation of Subsidiaries
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Straits Trading Announces Voluntary Liquidation of Subsidiaries

Story Highlights
  • Straits Trading Company is a conglomerate with interests in resources, property, and hospitality.
  • The voluntary liquidation of subsidiaries is not expected to impact the group’s financial metrics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

An announcement from Straits Trading Co. Ltd. ( (SG:S20) ) is now available.

The Straits Trading Company Limited has announced a member’s voluntary liquidation of its wholly-owned subsidiaries: Bushey Park Private Limited, Straits Trading Metal Ventures Pte. Ltd., and Straits Trading Metal Asia Pte. Ltd. This move is not anticipated to significantly affect the group’s net tangible assets or earnings per share for the financial year ending December 31, 2025, and no directors or controlling shareholders have any direct or indirect interest in the liquidation.

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: 1.00%

Average Trading Volume: 23

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €471.2M

Learn more about S20 stock on TipRanks’ Stock Analysis page.

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