KOP Limited (formerly known as Scorpio East Holdings Ltd.), a Singapore-headquartered organisation with businesses encompassing both property and entertainment industries, is pleased to announce that its placement of an aggregate of 80 million Placement Shares at S$0.28 per share has been well received by investors.
KOP Limited is pleased to announce that it has completed the reverse takeover of Scorpio East Holdings Ltd. through acquiring 100 per cent of the issued and paid-up share capital of KOP Properties Pte Ltd for a consideration of S$150,000,000.
KOP Properties, a real-estate company based in Singapore, has signed a framework agreement with a local district government in Shanghai, China, to develop Winterland Shanghai, the world’s largest integrated indoor winter resort, which will include skiing and other winter activities, lodging facilities, mixed use retail outlets and ultra-modern entertainment venues.