Straits Trading gets deadline extension to hold its AGM

Property firm Straits Trading disclosed that the Singapore Exchange has granted it a one-month extension of up to May 31 for it to hold its annual general meeting for the financial year ended Dec 31.

It explained that it needed the extension because its subsidiary Malaysia Smelting Corporation (MSC) could not finalise its audited accounts for the financial year.

This is pending the outcome of an application to renew a contract of work granted to an Indonesian tin mining and smelting company of which it owns 75 per cent. The contract expired on March 31 this year.

Straits Trading said it would also submit an application to the Accounting and Corporate Regulatory Authority for an extension of time till May 31.