DEBT RESTRUCTURING/INSOLVENCY

Hyflux announces third potential investor, with non-binding offer for its overseas assets

The investor, whose identity was not revealed, also expressed interest in the operation and maintenance of those assets, in the hope of growing its own portfolio of desalination plants.

Hyflux set to lose control of Tuaspring integrated plant

Hyflux is set to lose Tuaspring Integrated Water and Power Plant (IWPP), which was once its largest asset but has now been flagged by some analysts as a millstone around the neck of the embattled...

Hyflux has cash to last 2-3 months, says founder Olivia Lum

The troubled water treatment firm is in a race against time to nail down new investors to keep operations going and avoid liquidation.

Hyflux races to secure $400m deal with UAE's Utico

Struggling water treatment firm Hyflux is hoping to nail down a $400 million deal with Utico FZC in a bid to fend off a move by seven banks to have the company placed under judicial management....

Hyflux mystery white knight is UAE's Utico

Embattled water treatment firm Hyflux could get a $400 million lifeline from UAE utilities provider Utico FZC for "equity and working capital purposes and possible urgent interim funding", the...

Hyflux in talks with new white knight investor for a $400 million injection

Hyflux called the potential white knight in an exchange filing on Thursday "a developer and owner of water and power utilities based in the Middle East with a reputable track record".

Chances of a new white knight for Hyflux low, say experts

Experts said that the chances of one are low despite the removal of a loss-making asset from Hyflux's books.

Very few Hyflux investors used CPF to buy shares

Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company.

Hyflux and SMI clash over what led to death of rescue deal

Hyflux and its former white knight SM Investments have clashed over what led to the death of a $530 million restructuring deal.

Hyflux says rescue deal with Indonesian investor terminated; cancels scheme meetings

SINGAPORE - Hyflux on Thursday said the key investment deal with Salim-Medco is now off the table and cancelled scheme meetings scheduled for April 5 and 8.

Hyflux's woes due to its own decisions, says EMA

Hyflux's financial woes are a "result of its own commercial decisions" and not down to actions by regulators, the Energy Market Authority (EMA) said yesterday.