News

Building & Engineering

Staff Reporter

, Singapore

Published:

3 months ago

152 views

Ley Choon

SGX-listed Ley Choon finishes debt repayments

With this, Ley Choon will have better flexibility over its finances moving forward.

SGX-Catalist listed Ley Choon announced the completion of its final bullet repayment for all outstanding debts due to its lenders concerning the debt restructuring agreement (DRA).

The DRA was initially established in 2016 and was later amended in 2021.

ALSO READ: Why Singaporeans are okay with locking away over $4b of their money

With the absence of debt and an improved cash flow, Ley Choon said that it will have greater flexibility in its cash usage, working capital management, and future capital expenditure decisions.

The security package associated with the DRA will be released in due course.

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