Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Tiong Seng Holdings Limited ( (SG:BFI) ).
Tiong Seng Holdings Limited announced that its subsidiary, Tiong Seng Contractors (Private) Limited, has secured up to S$90 million in loan facilities from a consortium of banks, including DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited. These loan facilities, which are uncommitted and subject to specific conditions, will be used to finance the working capital for the company’s ongoing and new projects. The agreement includes standard terms and conditions with an events of default clause, highlighting the strategic move to enhance financial flexibility and support future project developments.
More about Tiong Seng Holdings Limited
Tiong Seng Holdings Limited, incorporated in Singapore, operates within the construction industry through its subsidiaries. The company primarily engages in construction-related services, focusing on both existing and new projects, and is known for its significant involvement in infrastructure and building projects within the region.
YTD Price Performance: 10.0%
Average Trading Volume: 83,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$40.57M
Find detailed analytics on BFI stock on TipRanks’ Stock Analysis page.