Sri Trang opens 4.2 pct lower in Singapore debut

Newswire

SINGAPORE, Jan 31 (Reuters) - Shares of Thailand's Sri Trang Agro-Industry , the world's biggest rubber producer and exporter, opened below their issue price on their Singapore debut on Monday. Around 0100 GMT, Sri Trang was traded at S$ 1.17, which is roughly equal to 28 baht . The shares opened at S$1.15 or about 4.2 percent below the Singapore issue price. Sri Trang, also listed in Bangkok , last week sold 280 million shares in its Singapore IPO at S$1.20 each, raising S$336 million ...

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