Axington board says rights issue to proceed as planned
THE two-man board of Axington Inc said on Thursday that a planned rights issue announced on Aug 21 will proceed as planned, despite the recent controversy that resulted in five directors quitting...
Group of bank creditors to file for Hyflux JM
A GROUP of bank lenders is preparing an application to place Hyflux under judicial management (JM), which they will file with the Singapore High Court by August 7.
Hyflux gets letter of interest from Unilegend Investments
YET another unnamed investor is stalking Hyflux, and has written to the distressed water-cleaning firm to express its interest in a possible investment.
Hyflux's potential investors must disclose more
MORE than two years have passed since Hyflux filed for bankruptcy.
Hyflux lenders seeking judicial management; Utico extends offer
A GROUP of bank lenders is seeking to put Hyflux under judicial management (JM), after two years of a court-sanctioned restructuring process that has continued to leave creditors empty-handed.
Hyflux lenders to restart process to put firm under judicial management
A GROUP of bank lenders is seeking to put Hyflux under judicial management (JM), after two years of a court-sanctioned restructuring process that has continued to leave creditors empty-handed.
Scrutiny of audit work on Hyflux important to credibility of disclosure-based regime
EVER since Hyflux filed for bankruptcy in May 2018, questions have been raised about how the water treatment firm passed the smell tests to secure a clean bill of health from independent auditor...
Acra says it is inspecting KPMG's audit of Hyflux
THE accounting watchdog is inspecting the audit work done by KPMG for Hyflux, as part of a larger probe into the water-treatment firm's compliance with accounting and auditing standards between...
CAD, MAS and Acra launch joint probe into Hyflux and its directors
HYFLUX and its current and former directors are under investigation by the authorities for suspected false and misleading statements and breaches of disclosure rules that may have taken place over...