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Hyflux International (Hyflux)
Management & Corporate Governance
Hyflux woes spark Singapore protests, nationalisation calls
SINGAPORE (Mar 26): Emotions are running high among some Hyflux retail investors who stand to lose almost everything in the collapse of Singapore’s once much vaunted water-treatment company.
March 26, 2019
PUB to take over Tuaspring plant if Hyflux cannot fix defaults by April 5
SINGAPORE (Mar 22): PUB says it will terminate the water purchase agreement with Hyflux subsidiary Tuaspring Pte Ltd (TPL) if the water treatment firm is not able to fix its defaults by April 5.
March 22, 2019
Restructuring
Hyflux restructuring in jeopardy if Tuaspring defaults not solved in 2 weeks
SINGAPORE (Mar 18): Hyflux’s restructuring agreement with investor SM Investments may be aborted if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks.
March 18, 2019
Total compliance in financial reporting, but was it misleading?
(Mar 18): Last week, I talked about how it can be difficult to interpret published financial statements because of overly ambitious objectives of the accounting profession, evolving reporting standards and the resulting vagaries that could sometimes trans
March 15, 2019
Restructuring
Hyflux amends restructuring plan to give junior creditors higher recovery rate
SINGAPORE (Mar 9): Hyflux is proposing to amend the terms of its restructuring plan to allow the junior creditor group -- which includes some 34,000 minority investors in its preference shares and perpetual securities (P&Ps) -- to share the upside from co
March 09, 2019
Restructuring
Hyflux receives proofs of claims totalling $3.5 bil from 73 parties ahead of rescue plan vote
SINGAPORE (Mar 8): Hyflux International, the debt-laden water company which is undergoing restructuring, has received proofs of claims from 73 creditors and stakeholders totalling $3.51 billion.
March 08, 2019
Broker's Calls
AREIT, EREIT kept at 'add' by CGS-CIMB despite Hyflux link
SINGAPORE (Mar 7): CGS-CIMB Securities is maintaining Ascendas REIT (AREIT) and ESR REIT (EREIT) at “add” despite Hyflux’s debt-restructuring woes.
March 07, 2019
Clash over $2.7 bil of debt at Hyflux heats up
SINGAPORE (Feb 27): Singapore’s troubled water treatment company Hyflux, formerly celebrated as a hallmark of entrepreneurship in better times, is set for a humbling week.
February 27, 2019
Restructuring
Hyflux says still in talks with potential investors
SINGAPORE (Oct 5): Hyflux, in the process of restructuring its debts through the Singapore courts, says it remains in active talks with potential investors.
October 05, 2018