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    Q0X   SG2F02983607

LEY CHOON GROUP HOLDINGS LIMITED

(Q0X)
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General Announcement::Debt Restructuring Agreement

07/27/2021 | 06:50am EST

LEY CHOON GROUP HOLDINGS LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 198700318G)

DEBT RESTRUCTURING AGREEMENT

The Board of Directors of Ley Choon Group Holdings Limited (the "Company", and together with its subsidiaries, the "Group") refers to the announcements entitled "Holding Announcement - Debt Restructuring Agreement" and "Debt Restructuring Agreement" (collectively, the "Previous Announcements") dated 31 March 2021 and 28 April 2021 respectively and would like to update shareholders as below.

The finalised draft Amended Debt Restructuring Agreement ("Amended DRA") in relation to the extension of the DRA has already been circulated to the Eligible Lenders. As of the date of this announcement, one of the Eligible Lenders asked for two more weeks to review the draft legal documents and obtain the necessary internal approvals to execute the Amended DRA. Accordingly, the other Eligible Lenders have agreed to an extension of time until 13 August 2021 for the execution of the Amended DRA. The Group will make an announcement immediately upon the execution of the Amended DRA.

The Company anticipates that the timelines for the holding of its FY2021 AGM as stated in its announcement dated 26 June 2021 will not be affected materially by the extension of time for the execution of the Amended DRA.

Shareholders are advised that there is no certainty or assurance that the final Amended DRA will be approved by all Eligible Lenders. Accordingly, shareholders are advised to exercise caution in dealings with the shares, to read this announcement and any further update announcement(s) released by the Company carefully and should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take.

BY ORDER OF THE BOARD

Toh Choo Huat

Executive Chairman and Chief Executive Officer

27 July 2021

This announcement has been prepared by the Company and its contents have been reviewed by the

Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently

verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor is:

Name: Mr. Nathaniel C.V. (Registered Professional, RHT Capital Pte. Ltd.)

Address: 6 Raffles Quay #24-02, Singapore 048580

Email: sponsor@rhtgoc.com

1

Disclaimer

Ley Choon Group Holdings Ltd. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 10:49:04 UTC.


ę Publicnow 2021
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Sales 2021 75,6 M 56,1 M 56,1 M
Net income 2021 0,87 M 0,65 M 0,65 M
Net Debt 2021 45,7 M 33,9 M 33,9 M
P/E ratio 2021 19,0x
Yield 2021 -
Capitalization 19,0 M 14,1 M 14,1 M
EV / Sales 2020 0,70x
EV / Sales 2021 0,82x
Nbr of Employees 900
Free-Float 21,8%
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Choo Huat Toh Executive Chairman & Chief Executive Officer
Ragavendran Srinivasan Chief Financial Officer
Kai Hock Toh Director-IT & Head-Fleet Department
Swee Kim Toh Chief Operating Officer
Chung Yee Ling Lead Independent Director
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