Key Developments: Straits Trading Co Ltd (STTSY.PK)

STTSY.PK on OTC Markets Group

21.41USD
4 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Straits Trading Co Ltd announces resignation of CFO
Friday, 27 Feb 2015 08:00am EST 

Straits Trading Co Ltd:Announces resignation of Thai Kum Foon as CFO.Says Yeo Sock Koon, currently Finance Director of company, will assume responsibilities of the oversight of financial and accounting functions of company.  Full Article

Straits Trading Co Ltd to pay interim cash dividend
Thursday, 26 Feb 2015 01:08pm EST 

Straits Trading Co Ltd:To pay interim cash dividend of S$0.04 per share.Payable on May 8.Record date as on April 22.Ex-dividend date is April 20.  Full Article

Straits Trading Co Ltd incorporates new subsidiary
Tuesday, 24 Feb 2015 04:30am EST 

Straits Trading Co Ltd:Incorporates subsidiary named SREV6 Cayman Ltd in Cayman Islands with issued and paid up share capital of one share of par value $1.  Full Article

Straits Trading Co Ltd announces incorporation of subsidiary
Friday, 6 Feb 2015 04:20am EST 

Straits Trading Co Ltd:Announces that the following subsidiary has been incorporated in Singapore on Feb. 6.Name of subsidiary is SRE Venture 6 Pte. Ltd.Principal activity of SRE Venture 6 Pte. Ltd. is investment holding.  Full Article

Straits Trading Co Ltd updates on voluntary winding up of MSPL
Friday, 16 Jan 2015 04:13am EST 

Straits Trading Co Ltd:Says Tan Hian Yew George has been appointed as the Liquidator for the voluntary winding up of Malayan Securities Pvt Ltd (MSPL) and STC Equities Holding Pte. Ltd (STCEHPL), its wholly-owned subsidiaries, on Jan. 16.  Full Article

Straits Trading Co Ltd' subsidiary announces disposal of shares in wholly-owned subsidiary
Wednesday, 24 Dec 2014 10:28pm EST 

Straits Trading Co Ltd:Says that its wholly-owned subsidiary, STC International Investment Holdings Pte. Ltd (Seller), has entered into a share transfer agreement dated Dec. 24, in relation to the disposal of all of the shares of Shanghai Straits Trading Co., Ltd (SSTCL), to Baijia International Group (Hong Kong) Ltd.Upon completion of the Disposal, SSTCL will cease to be a subsidiary of the Seller and the company.Total consideration for the sale shares, which is payable in instalments, is 19.27 mln Yuan.  Full Article

Straits Trading Co Ltd completes proposed sale of the Straits Trading Building
Thursday, 18 Dec 2014 04:19am EST 

Straits Trading Co Ltd:Refers to the announcements by the company dated Sept. 5, Oct. 28 and Nov. 14, in relation to, inter alia, the proposed sale of the property known as the Straits Trading Building.Announces that the proposed sale has been completed.  Full Article

Straits Trading Co Ltd's subsidiary enters sale and purchase agreements with Chongqing BBMG Dacheng Shanshui Properties Co., Ltd in relation to acquisititon of property
Tuesday, 16 Dec 2014 07:40am EST 

Straits Trading Co Ltd:Says that its subsidiary, Straits Real Estate Pte. Ltd. (SREPL), through its wholly owned subsidiary, Chongqing Xinchuang Mall Management Co., Ltd (Purchaser) entered into nine conditional sale and purchase agreements (SPA) with Chongqing BBMG Dacheng Shanshui Properties Co., Ltd.Chongqing BBMG Dacheng Shanshui Properties Co., Ltd is a wholly owned subsidiary of Beijing BBMG Dacheng Development Co., Ltd.SPA in relation to acquisition of a retail development known as Times Midtown located in 103, Building A, Phase- II, Chayuanhua Street, Nan’an District, Chongqing, People’s Republic of China.Property will be acquired at a purchase consideration of about 668,400,000 ringgit on a bare-shell basis upon its completion.SREPL expects to undertake asset enhancement initiatives to the Property which is expected to cost about 100,000,000 ringgit.  Full Article

Straits Trading Co Ltd incorporates subsidiary
Friday, 14 Nov 2014 06:37am EST 

Straits Trading Co Ltd:Incorporates subsidiary, 重庆新创商场经营管理 有限公司, in Chongqing, the People’s Republic of China, a company with a registered capital of S$100,200,000.Company’s subsidiary, SRE China 1 Pte. Ltd., owns 100 pct equity interest in 重庆新创 商场经营管理有限公.Principal activity of 重庆新创商场经营管理有限公司is that of real estate investment, leasing and property management.  Full Article

Straits Trading Co Ltd incorporates subsidiaries
Friday, 17 Oct 2014 05:38am EDT 

Straits Trading Co Ltd:Incorporates three new subsidiaries named SRE Venture 4 Pte. Ltd, SRE Venture 5 Pte. Ltd. and SRE Capital Pte. Ltd in Singapore.The principal activity of SRE Venture 4 Pte. Ltd, SRE Venture 5 Pte. Ltd. and SRE Capital Pte. Ltd is investment holding.  Full Article

Singapore's Straits Trading plans $359-mln sale of office tower

SINGAPORE, Sept 5 - Singapore's Straits Trading Co Ltd plans to sell an office building in the bustling financial district for S$450 million ($359 million), the company said on Friday.

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