Our business is centred on a thriving Real Estate Ecosystem, which is the focal growth driver for Straits Trading, and augmented by our legacy tin smelting business. Straits Trading aims to be an efficient capital allocator with the ability to invest and allocate capital across a range of asset classes. Our Real Estate Ecosystem enables Straits Trading to seek for opportunities within the real estate space and also allows us to leverage the wide business networks of Straits Trading and our partners for enhanced deal flow and access to investment opportunities that create value.
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Straits Trading was founded in the early years of Singapore鈥檚 colonial history by James Sword, a Scottish businessman and Herman Muhlinghaus, a German entrepreneur, to engage in tin smelting - then a key industry in a region looking to scale up its industrial base. Despite our success in tin smelting, Straits Trading鈥檚 structure and business had to evolve to remain relevant amid the changing economic landscape in Singapore and elsewhere in the region. Under the guidance of Tan Sri (Dr) Tan Chin Tuan, who served as Chairman of Straits Trading for more than 20 years since 1965, Straits Trading went on to expand into new emerging sectors such as property equity investments and hospitality as early as the 1960s.
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Guided by a highly experienced board and management team, we are confident that Straits Trading鈥檚 disciplined approach to investing and managing our assets will enable us to capitalise on opportunities that lie ahead. With a clear strategic direction, we will work hard to optimise our resources and build on the strengths we have gained through the years to deliver long-term sustainable value for our shareholders.