Corporate digest

Lum Chang

CONSTRUCTION cum property developer Lum Chang on Thursday invited holders of its outstanding S$50 million 5.5 per cent notes due 2019 to exchange their notes for a "like principal amount" of Singapore dollar-denominated notes due 2021 that carry a higher coupon of 5.8 per cent.

This is to "provide the noteholders with an opportunity to remain invested in the group in view of the impending redemption of the existing notes" on March 28, 2019, it said.