developer news

St James’ shares soar on reverse takeover deal

Shares of Catalist-listed St James Holdings closed 19 per cent higher on Monday, boosted by news the firm would be transformed into a property developer via a reverse takeover deal. The nightspot operator's shares ended trading at 6.4 cents each, up from 5.4 cents before the stock was suspended on Friday. The shares rose as high as 7.7 cents earlier in the session. St James said on Friday it would...

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