The series 001 tranche 002 notes are expected to list on the SGX-ST on Dec 2.
DBS Bank and United Overseas Bank acted as joint lead managers and bookrunners for the series 001 tranche 002 notes.
The notes contain a condition which makes reference to the shareholding interest of its controlling shareholder or places certain restrictions on a change of control of the company.
If a change in shareholding event – such as when the Goh Family of Wee Hur Holdings – ceases to own in aggregate at least 40% of the issued share capital of the company, the company will within 10 days of such occurrence give notice to the holders of the series 001 notes, and holders of the note will have the option to redeem the notes at its redemption amount.
See also: AIMS APAC REIT issues $150 mil 4.10% subordinated perpetual securities
Shares in Wee Hur Holdings closed 1 cent higher or 1.418% up at 71.5 cents on Dec 1.
