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Tiong Seng Holdings Limited ( (SG:BFI) ) has shared an announcement.
Tiong Seng Holdings Limited announced updates on its secured loan facilities, revealing that approximately S$42.9 million has been drawn down, with S$7.2 million repaid recently. The company faced non-compliance with certain financial covenants, which could lead to lenders demanding immediate repayment. Despite these challenges, Tiong Seng is actively communicating with financial institutions to address these issues, highlighting the potential impact on its financial stability and stakeholder relations.
More about Tiong Seng Holdings Limited
Tiong Seng Holdings Limited, incorporated in Singapore, operates in the construction industry, providing building and civil engineering services. The company focuses on infrastructure and construction projects, playing a significant role in the development of Singapore’s urban landscape.
Average Trading Volume: 347,029
Technical Sentiment Signal: Buy
Current Market Cap: S$45.19M
For detailed information about BFI stock, go to TipRanks’ Stock Analysis page.
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