insolvency

Higher forced liquidations this year, with pandemic yet to do its worst

EVEN as the number of compulsory liquidations have gone up over the past four months, the true measure of distress that the global pandemic has had on Singapore companies will only be made clear...

BNP Paribas claims US$57.7m from Hyflux for Magtaa performance bond

HYFLUX has received a notice from BNP Paribas demanding payment of US$57.7 million, it said on Monday.

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...

Court extends Hyflux debt moratorium to end of April 2019

HYFLUX has convinced a Singapore High Court to extend its debt moratorium by four-and-a-half months to April 30 next year, despite arguments from some bank creditors that the insolvent firm should be...

Indonesian white knights put S$530m Hyflux rescue plan on table

A CONSORTIUM comprising two major Indonesian groups - conglomerate Salim Group and energy giant Medco Group - has agreed to give Hyflux a S$400 million equity injection, in exchange for a 60 per cent...

Hyflux hopes for a strategic investor as bank lenders grow skittish

AS THE clock ticks down to the Dec 18 deadline when Hyflux's debt moratorium will expire, the survival of the insolvent water project developer could hinge on whether any strategic investors come...

Hyflux pins hope on finding strategic investors as creditors grow skittish

AS the clock ticks down to the Dec 19 deadline when Hyflux's debt moratorium will be lifted, the survival of the insolvent water project developer could hinge on whether any strategic investors come...

Parliament: Singapore introduces omnibus bill to update insolvency, debt restructuring laws

ONE of the main objectives of the Insolvency, Restructuring and Dissolution Bill is to consolidate the personal and corporate insolvency and restructuring laws, which are in two separate statues:...

IE Singapore, Spring back S$380m lifeline to battered O&M sector

THE Singapore government has backed about S$380 million of loans extended by banks to the beleaguered marine and offshore engineering industry (M&OE) under two schemes announced last November.