Keong Hong to Sell 20% Stake in Katong Holdings to MCSK

MT Newswires

2025/02/20

Keong Hong (SGX:5TT) through Keong Hong Construction, plans to sell its 20% stake in Katong Holdings for SG$34.5 million, according to a filing with the Singapore Exchange on Wednesday.

The company will sell 200,000 shares in Katong Holdings to MCSK.

Under the agreement, the parties have agreed to novate the sale loans from Keong Hong Construction to MCSK.

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