BRIEF-Mencast Holdings Updates On Debt Restructuring
Feb 1 (Reuters) - Mencast Holdings Ltd:
* UPDATES ON GROUP'S ON-GOING DEBT RESTRUCTURING EXERCISE WITH CERTAIN LENDERS TO ADDRESS ANY POTENTIAL GOING CONCERN ISSUES
* ENTERED INTO A DEBT RESTRUCTURING AGREEMENT WITH DBS BANK LTD., ETHOZ CAPITAL LTD, AMONG OTHERS FOR A RESTRUCTURING OF CO'S EXISTING DEBTS
* GROUP SHALL DELEVERAGE DEBT BY TOTAL OF $130 MILLION DURING RESTRUCTURING VIA, INTER ALIA, SALE OF ITS PROPERTIES AND OTHER ASSETS Source text for Eikon: Further company coverage: