Of note, Straits Trading recognised a non-cash impairment loss of approximately $102.3 million following the loss of control over the Sanlin Mall joint venture in Shanghai, held via its Straits Real Estate (SRE) unit.
The Straits Trading Company, weighed down by a series of non-cash impairment and value adjustments of its various real estate businesses and investments, has reported a net loss of $234 million for its FY2025.
In the year earlier, it reported earnings of 11%.
