Ley Choon says its fulfilment of the DRA gives the company better flexibility over its cash usage with the absence of debt servicing costs and improved cash flow.
SGX Catalist-listed Ley Choon Group (SGX:Q0X
) has completed the final bullet repayment for all outstanding amounts due to its lenders in relation to its debt restructuring agreement (DRA), fulfilling the agreement ahead of schedule.
The service provider for underground utility infrastructure construction and road works entered into the DRA in 2016, which was subsequently amended in 2021.
