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Hyflux International (Hyflux)
SMI takes legal action against Hyflux; Maybank moves on Tuaspring
(Apr 20): SM Investments (SMI) has terminated its rescue agreement with Hyflux, it announced on Friday. Hyflux, on its part, had already on April 4 terminated the same agreement with SMI.
April 20, 2019
Restructuring
Hyflux files lawsuit against former white knight SM Investments
SINGAPORE (Apr 15): Hyflux is suing former white knight investor SM Investments (SMI) in the Singapore courts for repudiation of the restructuring agreement agreed upon between the two parties in Oct last year.
April 15, 2019
Management & Corporate Governance
Don't blame Singapore investors for Hyflux loss: Andy Mukherjee
SINGAPORE (Apr 10): If success has many fathers, failure in financial markets is no orphan either: It almost always ends up in the lap of retail investors.
April 10, 2019
Management & Corporate Governance
Hyflux rescue bid by SMI falls through amid conflicting statements
SINGAPORE (Apr 6): Two mid-day announcements on April 4 by Hyflux and its rescuer SM Investments left both investors and market watchers confused. First, Hyflux cancelled the meetings to vote on a scheme of arrangement scheduled for April 5 and 8, beca
April 06, 2019
Management & Corporate Governance
Hyflux scraps restructuring plan after spats with investors
(Apr 4): One of Singapore’s highest-profile corporate debt restructurings was thrown into disarray on Thursday, as embattled water and power company Hyflux scrapped a pact with its would-be saviour.
April 04, 2019
Management & Corporate Governance
Hyflux survival in doubt as investor deal collapses
SINGAPORE (Apr 4): Water treatment company Hyflux said on Thursday that a lifeline deal with its prospective Indonesian investor had been terminated, throwing the beleaguered Singaporean firm's debt restructuring plans into doubt.
April 04, 2019
Management & Corporate Governance
White knight SM Investments walks away from Hyflux rescue deal
SINGAPORE (Apr 4): Indonesian consortium SM Investments has aborted its proposed deal to invest in Hyflux, ending an agreement that was seen as a lifeline for the beleaguered water treatment company.
April 04, 2019
Management & Corporate Governance
PUB agrees to extend default cure period for Tuaspring to Apr 30
SINGAPORE (Mar 29): Hyflux International says PUB has agreed to extend the default cure period for its Tuaspring Desalination Plant (TSDP) to April 30 from April 5.
March 29, 2019
Management & Corporate Governance
SMI says Hyflux's schemes of arrangement 'do not satisfy' restructuring deal
SINGAPORE (Mar 28): Hyflux’s white knight SM Investments (SMI) has issued a statement saying it does not agree with the schemes of arrangement of proposed by the water company and that the schemes do not satisfy the conditions of the restructuring agree
March 28, 2019
Restructuring
Hyflux's dispute with its rescuer deepens as deadlines near
SINGAPORE (Mar 27): Embattled Singapore water treatment company Hyflux’s survival is looking shakier as disagreements with its rescuer deepen.
March 27, 2019