Keong Hong holders may put 6¼% notes due to change of control

Chicago, Feb. 22 – Singapore’s Keong Hong Holdings Ltd. announced that holders of its S$48 million outstanding 6¼% series 003 notes due Aug. 19, 2023 (ISIN: SGXF6559973) may exercise their put option due to a change of control, according to multiple press releases.

The company is required to purchase the notes at par, with interest to the redemption date on April 18.

Noteholders who wish to exercise the put option must submit an exercise notice to delegate paying agent Tricor Singapore Pte. Ltd. by hand or post before 4 a.m. ET on March 10 (is.corporateactions@sg.tricorglobal.com).

Deutsche Bank AG, Singapore Branch is the principal paying agent.

The notes are currently putable because Leo Ting Ping Ronald sold 19.05% of the ordinary shares of the issuer, meaning that Ronald no longer owns at least 30% of the share capital of the company.

Keong Hong is a construction company based in Singapore.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.