Brief: Hiap Seng Engineering Says UOB Made Application To Court To Enforce Mortgage Over Jtc-Industrial Property

Hiap Seng Industries

03/09/2021 10:11

Sept 3 (Reuters) - Hiap Seng Engineering Ltd  HSEN.SI :
    * HIAP SENG ENGINEERING LTD -  UNITED OVERSEAS BANK MADE
APPLICATION TO COURT TO ENFORCE MORTGAGE OVER CO'S
JTC-INDUSTRIAL PROPERTY
    * HIAP SENG ENGINEERING LTD -  UOB ALSO SEEKS AN ORDER THAT
COSTS
OF AND INCIDENTAL TO APPLICATION BE PAID OUT OF ASSETS OF CO
    * HIAP SENG ENGINEERING LTD -  PROPERTY IS CHARGED TO UOB
AND NET
SALE PROCEEDS OF PROPERTY WOULD BE UTILISED TO PARTIALLY REPAY
AMOUNT OWING TO UOB

Source text for Eikon:  ID:nSNhN7cQ 
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 (Reuters.briefs@thomsonreuters.com)