12 Dec '11, 9am

Straits Trading diversifies into property and hospitality services

Straits Trading diversifies into property and hospitality services

SINGAPORE : Amid the sluggish outlook for industrial metals, at least one producer is hedging its bets. Straits Trading - whose tin producing unit contributes 85 percent of its revenue - has been diversifying into property and hospitality services. Executive Chairman Chew Gek Khim spoke exclusively to Channel NewsAsia. By 2015, Chew Gek Khim hopes Straits Trading will be Asia's answer to Berkshire Hathaway, the diverse US holding company headed by billionaire investor, Warren Buffett She said: "Against this backdrop, I think it's difficult to speak with certainty when we will actually achieve all that the 2015 target is in front of us. We would still like to achieve it, whether we actually can depends on the market." Ms Chew has been in charge of the 124-year-old firm since 2008, and has been driving its transformation and it appears to be bearing fruit. The company manage...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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