St James

St James: was queried by SGX on its trading activity just two days back. In response, the co said pursuant to ongoing reviews of its business operations, the Board is considering restructuring the company’s business. Such restructuring may include: entering into joint ventures, divestments of existing business units and acquisitions of new businesses. In this regard, the Board has appointed PrimePartners as financial adviser in relation to the potential acquisitions of new businesses by the company. Separately, the co informs about occurrence of theft at the company’s outlets in recent months. It has made a police report, and the quantum of losses is estimated at $0.38m. The company has filed an insurance claim with its insurers.