https://www.bloomberg.com/news/articles/2017-07-20/nam-cheong-stops-servicing-428-million-debt-as-it-restructures
It is not surprising to see Nam Cheong defaulted on its bonds. Please refer to our previous posting on Nam Cheong.
https://sg-stock.blogspot.sg/2017/03/what-happened-to-nam-cheong-today.html
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