HC Surgical says investor Vanda 1 gave no reason for early redemption of bonds

Singapore

HC Surgical Specialists on Wednesday said that Vanda 1 Investments, managed by Temasek's Heliconia Capital Management, had requested the early redemption of a S$5 million convertible bond on "amicable grounds" and that no specific reason was provided by the investor.

The company was responding to queries by the Singapore Exchange (SGX) on the rationale for the early redemption, and whether it was related to the court judgement of surgeon Julian Ong's case and/or the ongoing Singapore Medical Council (SMC) investigation.