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Revisions

Swee Hong undertakes convertible bonds issue to raise $7 mil for working capital

PC Lee Published on Thu, Aug 31, 2017 / 9:44 PM GMT+8

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SINGAPORE (Aug 31): Civil engineering firm Swee Hong has entered into a agreement to issue $7 million in convertible bonds to Targa Solution.

In a Thursday night filing, Swee Hong said it undertook the placement to strengthen the company’s financial position and flexibility to capitalise on growth opportunities.