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Ley Choon seals debt-revamp deal

It is also selling a unit to Tee Land for S$11.5m


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...

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