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".

Hyflux receives letter of intent for S$400m investment; banks seeking judicial management

HYFLUX has received a non-binding letter of intent for a possible S$400 million injection from an owner and developer of water and power utilities based in the Middle East, the troubled water...

Hyflux applies for 3-month debt moratorium extension, hit with fresh US$65m in claims

HYFLUX and three of its subsidiaries have applied to the Singapore High Court for an additional three-month reprieve from its creditors as it works on another plan to avoid liquidation, it announced...

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.