when its contract expires on Aug 6, 2020. The counter closed at 61.5 Singapore cents on Tuesday, down 0.5 cent or 0.8 per cent following the announcement.The hospitality group on Tuesday said it will be able to repay its S$100 million fixed rate notes maturing on June 5, 2020 with a coupon of 4.85 per cent, after taking into consideration its working capital, cash and bank facilities. The counter closed at 27 Singapore cents on Tuesday, up 0.5 cent or 1.
9 per cent, before this announcement.Serene Tiong, an HCSS shareholder and the defendant in a defamation lawsuit brought by the group's surgeon Julian Ong, has claimed that HCSS chief executive officer and executive director Heah Sieu Min breached his duties as a director in relation to the acquisition of an additional 19 per cent interest in Dr Ong's practice. Shares of Catalist-listed HCSS fell S$0.01 or 2.9 per cent to close at S$0.34 on Tuesday, before the announcement.
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