Hyflux

Hyflux sues SM Investments over repudiation of rescue deal, claims S$38.9m deposit

DEBT-RIDDEN Hyflux has filed a lawsuit against its former suitor SM Investments (SMI) in the Singapore High Court for the repudiation of the rescue deal and is claiming the S$38.9 million deposit.

Hyflux yet to seek extension of debt moratorium

HYFLUX will restart talks with its creditors to explore outcomes other than liquidation, but has not decided yet on whether it will seek an extended debt moratorium from the Singapore High Court...

Too premature to talk about another Hyflux rescue bid, court told

Debt-ridden water-treatment company Hyflux told the High Court yesterday it was too premature to talk about another rescue plan, and it had not yet decided whether to ask for an extension of a...

Hyflux says not decided on whether to apply for extended debt moratorium

HYFLUX will restart talks with its creditors to explore outcomes other than liquidation, but has not decided yet on whether it will seek an extended debt moratorium from the Singapore High Court...

Hyflux default bad news for S'pore bond market: S&P

S&P Global Ratings said the default of troubled water and power company Hyflux could be the "first wagon in a train of financial distress cases" to come in Singapore, as lending conditions...

MAS says it has not uncovered any impropriety by DBS

The Monetary Authority of Singapore (MAS) said yesterday that its supervisory reviews to date have not uncovered any impropriety on the part of DBS in performing its roles as both issue manager...

Hyflux saga: Flood of questions over debt debacle

Once the darling of the entrepreneurial scene, Hyflux is now vilified by investors and its affairs closely watched by regulators. Insight looks at the questions that have arisen.

Hyflux says Salim-Medco rescue is off; both sides play the blame game

HYFLUX said on Thursday that a key rescue deal from the Salim-Medco group is officially off, with just weeks to go before the water and power plant company loses court protection from creditors...

Water firm Hyflux in race against time to stay afloat

There's no new viable suitor in sight yet for the one-time darling of Singapore's water sector.

Hyflux aborts rescue plan with time running out

Hyflux yesterday aborted a key investment deal with would-be saviour SM Investments (SMI) and cancelled a critical creditors' vote scheduled for today, throwing its own future into doubt. The...