Ley Choon wins contract, updates debt revamp
Unit secures S$35.3m contract from PUB; group is in the midst of divesting non-core assets as part of debt-restructuring exercise
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Singapore
ALONG with its announcement of a new contract win by a subsidiary on Tuesday, construction firm Ley Choon Group gave an update on what it is doing to pare its debt.
Ley Choon and its lenders have on June 8 agreed on and signed a term sheet setting out the key terms of the restructuring of the group's debt obligations. This will subsequently be encapsulated in a debt restructuring agreement within 90 days.
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