Chinese power service provider eyeing Hyflux assets

DEBT-RIDDEN water treatment firm Hyflux has received a fourth non-binding letter of intent (LOI) for a potential investment from a Chinese power service provider.

Hyflux in talks with seven parties; aims to pick suitor by mid-June

HYFLUX is in talks with seven different parties for a potential cash infusion, and plans to enter into a binding term sheet with one of them by mid-June.

Hyflux says Utico's offer to small investors 'exploratory in nature'

Ahead of today's High Court hearing on whether Hyflux will get a further reprieve from creditors, the beleaguered firm clarified yesterday that there is no binding agreement with potential...

Utico offers 'part cash redemption' to Hyflux junior creditors

United Arab Emirates utility Utico is dangling an offer of reprieve to the beleaguered 34,000 retail perpetual securities and preference (PNP) shareholders now trying to recover around $900...

Hyflux's board ticked boxes but let down stakeholders

IN ITS reply to questions raised by the Securities Investors Association (Singapore) and shareholders at its townhall meetings, Hyflux said:

PUB to replace membranes at Tuaspring for reliability

Having officially taken over the Tuaspring desalination plant last Saturday, national water agency PUB will start the process of replacing its poorly performing membranes to ensure that it...

Hyflux's fall from darling of the entrepreneurial scene to troubled firm: 5 must-reads

The much-lauded home-grown water and power company filed for bankruptcy protection in 2018.

PUB takes over Tuaspring desalination plant from Hyflux

PUB said the move was "to safeguard Singapore's water security".

Hyflux saga: Judicial management not the panacea for company's restructuring

IT is almost exactly one year since water treatment firm Hyflux applied for a moratorium while it sought to restructure its finances. A crucial part of that restructuring process involved finding...

Hyflux suitor Utico  seeks delay over water unit; PUB says 'no'

EMIRATI utilities group Utico has invited Hyflux's junior creditors to meet in the coming days, as it seeks to rustle up support for a potential investment in the insolvent water cleaning company...