Hyflux

Hyflux to ask court for further 3-month reprieve from creditors

HYFLUX wants more time to try to return to solvency and plans to file an affidavit to the Singapore High Court soon to give it an additional three-month reprieve from creditor claims.

New plan to avoid Hyflux liquidation being worked out: Sias

A new plan is on the table for debt-stricken Hyflux that could see it avoid liquidation and keep the 34,000 retail investors "whole in its books", an investor watchdog said yesterday.

SM Investments to sue Hyflux for alleged breach of agreement

FORMER white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday.

Hyflux racing against time in hunt for new white knight

Embattled water desalination company Hyflux, which appointed heavyweight debt restructuring expert nTan this week as its corporate adviser, is in a race against time to find a new buyer, with one...

Maybank intends to appoint receivers and managers for Tuaspring assets

MAYBANK has terminated its collaboration agreement with Hyflux and Tuaspring, and intends to appoint receivers and managers over the assets of Tuaspring apart from the desalination plant and shared...

PUB issues notice to take over Hyflux's Tuaspring desalination plant

NATIONAL water agency PUB has issued a takeover notice to Tuaspring Pte Ltd (TPL) to take over the desalination plant and terminate its water purchase agreement with parent Hyflux.

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.

Hyflux woes worsen as Singapore regulators review disclosures

[SINGAPORE] Singapore authorities said they are reviewing debt-laden water treatment company Hyflux's disclosures to see if the firm has breached any laws.

Hyflux sues SM Investments; appoints Nicky Tan as adviser

HYFLUX could be headed for a debt moratorium extension application as it has added well-known restructuring specialist nTan Corporate Advisory as adviser for its ongoing court-supervised...

Hyflux: Laundry list of warnings says little about the likelihood of events

IN the aftermath of the financial collapse of water treatment company Hyflux, much has been said about the approximately 34,000 investors - the majority of them retail investors - who have been...