You are here

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

BT_20160701_LMXJCC_2364403.jpg
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.

Singapore

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

sentifi.com

Market voices on:

Powered by GET.comGetCom