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PACIFIC Radiance Ltd said that it will be convening an informal meeting with noteholders on Dec 15 at its office to update them on the progress of restructuring its S$100 million medium-term notes.
It had said last month that it received expressions of interest from potential investors, and secured a temporary suspension on certain bank debt obligations.
The medium-term notes, which have an interest of 4.3 per cent, are due to mature next year.