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.

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.

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.

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

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.

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.

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.

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.

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

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.
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