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Jurong Country Club noteholders demand early redemption from JTC

Almost 200 members holding S$23.5m in notes due 2033 say no justification for JTC to hold back funds beyond club's closure

Come November, JCC is to hand over the land on which the club is sited to make way for the Singapore-Kuala Lumpur high-speed rail terminus and a mixed-use precinct.


THE 196 members of Jurong Country Club (JCC) holding notes totalling S$23.5 million want JTC Corporation to redeem the debt when the club closes this year - not when the notes mature in 2033.

The debenture holders, out of a total membership of about 2,500, had each