TA Corp. (SGX:PA3) entered into agreements on March 27 to restructure about SG$117.7 million in debt, including liabilities tied to its liquidated construction arm, Tiong Aik Construction, according to a Tuesday filing on the Singapore Exchange.
The plan includes debt releases, a SG$13 million settlement, bank loan restructuring over five years, and mandatory convertible notes issuance.
The company aims to stabilize finances and resume trading.
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