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