Photo from Rain Zhao Runtong

Grand Ming seeks waiver for $47.95b loan

It has so far obtained waivers for $27.47b from certain lenders.

Building contractor Grand Ming Holdings is seeking a waiver for its loans with an aggregate amount of $4.8b after its default, said the company on Tuesday.

The company has failed to comply financial covenants under the loan facilities based on the audited annual results for the year ended 31 March 2025, it said in a bourse filing.

Approximately $2.7b bank borrowings have been waived, it added. 

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