Bloomberg News

Singapore Developer Hong Fok Amends Loan Facility

January 03, 2012

(Corrects Dec. 30 story to show that amendments were made to the terms of an existing loan.)

Dec. 30 (Bloomberg) -- Hong Fok Corporation Ltd., a Singapore-based developer, amended terms of a S$723 million loan organized in 2007, according to a Singapore stock exchange filing.

The company at the end of 2011 signed an agreement to reduce the total loan facility to S$600 million and extend the maturity until the third quarter of 2014, according to today’s filing.

As of Sept. 30, the amount outstanding under the original S$723 million facility was S$467.3 million, the company said.

--Editor: Reinie Booysen

To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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