Mencast reaches debt deal with creditors; principal sums owed suspended until after restructuring
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Annabeth Leow
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Singapore
AFTER months of talks, mainboard-listed Mencast Holdings reached a debt deal with key creditors on Friday, the board has said.
The principal sums now owed to certain lenders - DBS Bank, Ethoz Capital, RHB Bank, Standard Chartered Bank and United Overseas Bank - will be suspended until the end of an unspecified restructuring period.
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