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Isetan confirms interest from Starhill Global for Wisma Atria stake; shares surge to multi-year high

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Isetan confirms interest from Starhill Global for Wisma Atria stake; shares surge to multi-year high
SINGAPORE (Sept 10): Isetan Singapore confirmed that it has received an expression of interest (EOI) from the manager of Starhill Global REIT to acquire the company’s stake in Wisma Atria.
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SINGAPORE (Sept 10): Isetan Singapore confirmed that it has received an expression of interest (EOI) from the manager of Starhill Global REIT to acquire the company’s stake in Wisma Atria.

Isetan currently owns 26% in Wisma Atria’s total share value of strata lots, with the remaining owned by Starhill Global.

Isetan called for a trading halt at 1.22pm on Tuesday after its share price surged as much as 19.2% to $5.70 before settling at a multi-year high of $5.24 – some 46 cents higher than its Monday's closing price of $4.78.

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