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...

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.

Sembcorp keen on Hyflux’s Tuaspring power plant, at the right price

SEMBCORP Industries is keeping its options open for Hyflux’s Tuaspring co-generation power plant "if the price was right".

Utico has so far submitted draft term sheet, not binding offer: Hyflux

NO BINDING offer to invest in Hyflux has been submitted by Utico, Hyflux said on Tuesday, contrary to a Reuters report s published over the weekend.