Wing Tai Holdings Limited (SG:W05) has released an update.
Wing Tai Holdings Limited has announced the establishment of a new S$1 billion Multicurrency Debt Issuance Programme, with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch serving as the arranger and dealer. The programme will allow the issuance of various securities, including notes and perpetual securities, with the intention to use the proceeds for general working capital, investment, and refinancing existing debt. Approval in-principle for the securities has been received from the Singapore Exchange Securities Trading Limited, with further applications for listing in progress.
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