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Swee Hong pays off debts in 2015 scheme of arrangement

Thursday, July 20, 2017 - 20:51

CIVIL engineering and construction firm Swee Hong has announced the end of the scheme of arrangement between the company and its creditors, which took effect in December 2015.

"Approved outstandings of all eligible creditors under the scheme have been paid and discharged in full," the firm said.

Swee Hong, which ran into financial trouble and had to undergo debt restructuring in recent years, last traded at S$0.014.

sentifi.com

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