Maybank demands another S$33.6 million from Hyflux's unit, over hedging deal

MAYBANK has demanded payment of another S$33.6 million from Tuaspring, the subsidiary of the debt-ridden water treatment company Hyflux.

PUB to replace membranes at Tuaspring for reliability

Having officially taken over the Tuaspring desalination plant last Saturday, national water agency PUB will start the process of replacing its poorly performing membranes to ensure that it...

Sembcorp keen on Hyflux’s Tuaspring power plant, at the right price

SEMBCORP Industries is keeping its options open for Hyflux’s Tuaspring co-generation power plant "if the price was right".

Utico has so far submitted draft term sheet, not binding offer: Hyflux

NO BINDING offer to invest in Hyflux has been submitted by Utico, Hyflux said on Tuesday, contrary to a Reuters report s published over the weekend.

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.

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...

Taxpayers can't bail out Hyflux investors, Masagos tells Parliament

NATIONAL water agency PUB’s actions over debt-hit Hyflux’s Tuaspring desalination plant have not weakened the public-private partnership (PPP) model for critical infrastructure assets.

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...

PUB accedes to Tuaspring’s request to extend default notice period

NATIONAL water agency PUB said on Friday that it has acceded to Hyflux subsidiary Tuaspring Pte Ltd's request for more time to cure its defaults.

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...

PUB to Salim-Medco: Don't use us as excuse to pull out of Hyflux deal

HYFLUX's reluctant white knight should not use PUB as an excuse to back out of its investment agreement with the water company, the national water agency said on Thursday.