Nam Cheong subsidiary grants Option to Purchase to dispose of Paya Lebar property

15 Sep 2017 - Business Times Breaking News
NAM Cheong Offshore Pte Ltd, a subsidiary of Nam Cheong Limited, has granted an Option to Purchase to third party purchasers in a bid to dispose of its Paya Lebar property.In a Singapore Exchange filing on Friday, the shipbuilder said: "The legal and beneficial interest, rights, powers and benefits of ...
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Nam Cheong unit selling its Suntec office lots for S$25m

8 Sep 2017 - Business Times Breaking News
TROUBLED shipbuilder Nam Cheong Limited's unit is disposing of its office lots at Suntec Tower Three for S$25 million to a third party purchaser, said the company in a Singapore Exchange filing late on Thursday night.Although the sale will be a loss on disposal, the company said that it will be in the ...
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Troubled Nam Cheong to convene second informal meeting with noteholders on Sept 7

31 Aug 2017 - Business Times Breaking News
TROUBLED shipbuilder Nam Cheong on Thursday said it will be convening a second informal meeting with noteholders on Sept 7, 2017, from 7pm to 9pm.It plans to provide noteholders further updates on its restructuring options.The meeting will be facilitated and moderated by the Securities Investor Association ...
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Nam Cheong says will not make coupon, principal payments on two notes in line with debt standstill

23 Aug 2017 - Business Times Breaking News
NAM Cheong said it will not be making coupon and principal payments due on Aug 28 on its S$90 million 5 per cent notes (Series 2 notes) as well as coupon payments due on Aug 26 on the S$200 million 5.05 per cent notes (Series 3 notes).This, it said, was consistent with the firm's debt standstill and ...
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Nam Cheong gets writ of summons, statement of claim from AmBank

10 Aug 2017 - Business Times Breaking News
NAM Cheong said in a Singapore Exchange (SGX) filing on Thursday that the company and its wholly owned subsidiary, Nam Cheong Dockyard Sdn Bhd, had on Wednesday received a writ of summons and statement of claim dated Aug 7 filed by AmBank in the High Court of Malaysia.This comes as the group is in the ...
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Nam Cheong suspends trading

21 Jul 2017 - Business Times Breaking News
NAM Cheong has called for a trading suspension on Friday with immediate effect. This comes after the mainboard-listed company said on Thursday that it has decided to "temporarily cease" repayment on all its borrowings while it seeks to undergo restructuring.
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Nam Cheong stops servicing RM1.84b debt as it restructures

20 Jul 2017 - The Star Online
SINGAPORE: Nam Cheong Ltd. has temporarily ceased all repayment of its borrowings as it steps up efforts to restructure, after a slump in oil prices weakened demand for offshore support services. The Kuala Lumpur-based maker of small ships that support offshore oil rigs won’t be making any interest payment ...
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Nam Cheong to meet noteholders on July 19 to update them on restructuring

12 Jul 2017 - Business Times Breaking News
NAM Cheong will convene on July 19 an informal meeting with noteholders of three issues totalling S$365 million, due between 2017 and 2019, to update them on the restructuring options. At the meeting, to be facilitated and moderated by the Securities Investors Association of Singapore, noteholders will ...
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Nam Cheong: Receipt of Writ Of Summons From OCBC For US$10 Million Outstanding.

21 Jun 2017 - ShareInvestor Express
Pursuant to the Writ of Summons, Oversea-Chinese Bank Corporation Limited is claiming against Nam Cheong International Ltd as borrower under a credit facility granted by OCBC and against the Company as guarantor of the said facility for the sum of USD10,044,653.59 as at 30 April 2017, together with interest, ...
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Stocks to watch: UOB, BreadTalk, Nam Cheong, Manulife US Reit

21 Jun 2017 - Business Times Breaking News
THE following stocks had announcements or developments that may influence trading on Wednesday.United Overseas Bank: United Overseas Bank (UOB) has deepened its support of Chinese companies expanding through the Belt and Road initiative by signing two memoranda of understanding (MOUs) on Sunday. The ...
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