Keong Hong Extends Completion Data for Disposal of Katong Holdings; Shares Surge 7%

MT Newswires

04-29

Keong Hong (SGX:5TT) and MCSK mutually agreed to extend the completion date of the proposed disposal of a 20% stake in Katong Holdings to June 30, according to a Tuesday filing with the Singapore Exchange.

In an earlier filing, the company's wholly owned subsidiary, Keong Hong Construction, entered into an agreement to dispose of its 20% stake in Katong Holdings to MCSK for SG$34.5 million.

Shares of the construction and property development company surged over 7% in recent trading.

Price (SGD): S$0.08, Change: S$+0.0050, Percent Change: +7.04%

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