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BRIEF-Straits Trading Co Announces New Partnership In South Korea, Development Project In Adelaide

Published 20/06/2019, 08:07 pm
© Reuters.  BRIEF-Straits Trading Co Announces New Partnership In South Korea, Development Project In Adelaide
STCM
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June 20 (Reuters) - Straits Trading Company Ltd STCM.SI :

* STRAITS TRADING COMPANY LTD ANNOUNCES INVESTMENT IN SOUTH KOREA

* ENTERS NEW STRATEGIC PARTNERSHIP WITH IGIS ASSET MANAGEMENT IN SOUTH KOREA TO DEVELOP PORTFOLIO OF LOGISTICS FACILITIES

* ANNOUNCES NEW PARTNERSHIP IN SOUTH KOREA AND A NEW DEVELOPMENT PROJECT IN ADELAIDE, SOUTH AUSTRALIA

* INITIAL CAPITAL COMMITMENT OF KRW110 BILLION (APPROXIMATELY SGD127 MILLION) FOR PARTNERSHIP WITH IGIS ASSET MANAGEMENT

* TOTAL DEVELOPMENT COST FOR PROJECT IS ESTIMATED AT A$44.3 MILLION FOR ADELAIDE PROJECT

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