SINGAPORE (June 1): Shares of Straits Trading were up as high as 1% to $2.04 after it said it will buy three residential buildings in Osaka for 6.2 billion yen ($56 million).
The real-estate investment company says it expects to complete the acquisition by end-June after due diligence.
The acquisition will complement existing investments in the Asia Pacific and is in line with a strategy of tapping into higher-return real-estate investment opportunities, says Straits Trading.
As at 12.47pm, the stock is trading at $2.02.
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The real-estate investment company says it expects to complete the acquisition by end-June after due diligence.
The acquisition will complement existing investments in the Asia Pacific and is in line with a strategy of tapping into higher-return real-estate investment opportunities, says Straits Trading.
As at 12.47pm, the stock is trading at $2.02.
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