General Announcement::Information Update with respect to the 5% Senior Secured Notes Due 2029

Issuer & Securities

Issuer/ Manager
HONG SENG LIMITED
Securities
HONGSENGUS$226.645M5%N290819D - XS2697959992 - KLSB
HONGSENGUS$226.645M5%N290819R - XS2697849979 - HOMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Feb-2025 17:32:35
Status
New
Announcement Sub Title
Information Update with respect to the 5% Senior Secured Notes Due 2029
Announcement Reference
SG250224OTHR5DI7
Submitted By (Co./ Ind. Name)
Hong Seng Limited
Designation
Authorised Person
Effective Date and Time of the event
24/02/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Company has failed to pay the full amount of the deferred claim and the interest on the Notes due on February 19, 2025.

The Company has issued a standstill notice to the common security trustee. The standstill period currently extends until May 19, 2025, subject to further extension in accordance with the terms of the Indenture.

Attachments

Hong Seng - SGX announcement.pdf
Total size =168K