Ley Choon seals debt-revamp deal
It is also selling a unit to Tee Land for S$11.5m
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Singapore
LEY Choon Group has entered into a debt-restructuring agreement with its lenders, a move that will result in the sale of its real-estate development subsidiary for about S$11.5 million.
The agreement "provides a mechanism for the repayment of the project proceeds, as well as other amounts owed, to the lenders", the underground infrastructure services provider said in a filing to Singapore Exchange on Monday morning.
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