Keong Hong holders agree to amend 6¼% notes due 2023

By Rebecca Melvin

Concord, N.H., Jan. 28 – Singapore’s Keong Hong Holdings Ltd. announced that holders of its S$48 million outstanding 6¼% series 003 notes due 2023 (ISIN: SGXF6559973) approved an extraordinary resolution at a meeting on Friday, pursuant to its Jan. 6 consent bid to amend the notes.

The extraordinary resolution waives certain events of default and potential events of default that occurred between March 31, 2021 and Sept. 31, 2021, among other things.

Tricor Singapore Pte. Ltd. (is.corporateactions@sg.tricorglobal.com) was the meeting agent.

The Hongkong and Shanghai Banking Corp. Ltd. (projectfalconhsbc@hsbc.com.sg, +65 9170 5738) was the solicitation agent.

Keong Hong is a construction company based in Singapore.

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