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Hoe Leong to resume trading of shares on June 25

Atiqah Mokhtar Published on Wed, Jun 23, 2021 / 6:14 PM GMT+8

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Hoe Leong Corporation has announced that it has completed a series of proposed transactions in relation to its financial and corporate restructuring.

In a filing to SGX on June 23, Hoe Leong states it has completed all the proposed transactions set out in its circular to shareholders dated June 1 including the issue of a $3 million convertible loan note as well as the grant of 6.16 billion non-listed and non-transferable options to Shing Heng Holding.

The company also issued new shares and convertible bonds as part of debt settlement and subscription agreements with RHB Bank, Sing Investments & Finance (SIF) and United Overseas Bank (UOB).