Corporate digest

MYP Ltd

MYP Ltd, through its wholly owned subsidiary Salveur Pte Ltd, has entered into a conditional sale and purchase agreement with Nine Battery Pte Ltd for the proposed acquisition of Straits Trading Building.

The purchase consideration of S$560 million is payable entirely in cash, said MYP in a filing to the Singapore Exchange on Monday night. It has already paid an initial non-refundable deposit of S$5.6 million.

Completion of the acquisition will depend on shareholders' approval at an extraordinary general meeting to be convened no later than Dec 15.

KOP Limited

REAL estate, hospitality and entertainment group KOP Ltd has struck off its dormant subsidiary Scorpio East Leisure Pte Ltd from the Register of Companies.

Catalist-listed KOP began trading in May 2014 after it completed a S$150 million reverse takeover of Catalist-listed Scorpio East.

The striking off of Scorpio East is not expected have any material impact on the net earnings per share or the net tangible assets per share of the group for the financial year ending March 31, said KOP on Monday.

Transcorp Holdings

CATALIST-listed investment holding company Transcorp Holdings has requested an extension of time to announce its financial statements for the first half ended April 30.

It is awaiting the Singapore Exchange's response in respect of the application, and will make further announcements as and when there are material developments, the company said on Monday.