Salim Group

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...

PUB gives Hyflux's Tuaspring till April 30 to cure defaults

NATIONAL water agency PUB said on Friday that it has acceded to the request of Hyflux subsidiary Tuaspring Pte Ltd (TPL) for more time to cure its defaults. The default notice period has been...

Allocation to Hyflux creditors not agreed on: Salim-Medco

THE rescue deal that Hyflux intends to put to a creditors' vote on April 5 does not have the endorsement of Salim-Medco, the Indonesian investor group led by billionaire Anthoni Salim reiterated on...

Salim-Medco to Hyflux: Allocation to creditors 'not agreed' on

THE rescue deal that Hyflux intends to put to a creditors' vote on April 5 does not have the endorsement of Salim-Medco, the Indonesian investor group led by billionaire Anthoni Salim reiterated on...

Will Salim-Medco walk away from Hyflux deal?

HYFLUX has been forced into a bind, and its fate could well be sealed without creditors having any say in the matter after all.

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...

Salim, Medco consortium to pump S$530m into Hyflux

A CONSORTIUM comprising two Indonesian firms - conglomerate Salim Group and energy giant Medco Group - has entered a binding agreement to invest S$530 million in troubled water treatment firm Hyflux...