Hyflux

Hyflux and SMI clash over what led to death of rescue deal

Hyflux and its former white knight SM Investments have clashed over what led to the death of a $530 million restructuring deal.

Hyflux says rescue deal with Indonesian investor terminated; cancels scheme meetings

SINGAPORE - Hyflux on Thursday said the key investment deal with Salim-Medco is now off the table and cancelled scheme meetings scheduled for April 5 and 8.

Flash: Hyflux says Salim-Medco investment is off; cancels scheme meetings

HYFLUX on Thursday said the key investment deal with Salim-Medco is now off the table and cancelled scheme meetings scheduled for April 5 and 8.

Hyflux's woes due to its own decisions, says EMA

Hyflux's financial woes are a "result of its own commercial decisions" and not down to actions by regulators, the Energy Market Authority (EMA) said yesterday.

Saying yes to restructuring won't stop any probe into Hyflux: Sias chief

THERE is no need for investors to worry that a "yes" vote to the restructuring of debt-ridden Hyflux would let wrongdoers off the hook, said Securities Investors Association (Singapore) chief David...

Hyflux saga demands better debt disclosure rules

CHINA is forcing companies to be more upfront about their debt loads, and Singapore should too.

Taxpayers cannot bail out Hyflux investors: Masagos

THE public can't be asked to bail out struggling water treatment company Hyflux's retail investors, Minister for the Environment and Water Resources Masagos Zulkifli has said.

Investors can still demand probe if they back plan: Sias

There is nothing to stop Hyflux creditors from demanding an investigation into the firm or for a new board to examine its predecessor's actions if investors back the restructuring plan on April 5...

Consortium's deadline for Hyflux passes quietly

A crucial April 1 deadline that Hyflux's white knight set for its $530 million rescue offer came and went without a whimper, leaving investors and creditors more uncertain than ever.

Restructuring does not stop any probe into Hyflux: SIAS chief

SECURITIES Investors Association (Singapore) chief David Gerald in his latest media statement on the debt-ridden Hyflux, attempted to correct some erroneous views of investors of the water treatment...