Ley Choon Proposes Transfer to Mainboard of Singapore Exchange; Shares Surge Nearly 17%

MT Newswires

01/06

Ley Choon (SGX:Q0X) plans to transfer to the Mainboard of the Singapore Exchange Securities Trading, according to a Monday filing with the Singapore Exchange.

Shares of the provider of underground utilities infrastructure construction services surged nearly 17% in Tuesday's late-morning trade.

The plan comes the company paid all outstanding amounts due to its lenders under a debt restructuring agreement in 2016.

The proposed transfer is subject to an in-principle approval from the Singapore bourse, satisfaction of listing requirements and approval of shareholders.

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