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Hyflux Ltd
Update
Hyflux names UAE firm as next potential suitor with $400 mil injection deal
SINGAPORE (May 6): Hyflux has identified Utico FZE as its next potential white knight investor which might make a capital injection of $400 million, weeks ahead of its extended debt moratorium until May 24.
May 06, 2019
Sector Focus
Singapore water debacle threatens 90% losses for investors
SINGAPORE (Mar 13): The catastrophic slump of Singapore’s much-vaunted water and power company, Hyflux Ltd., has stunned 34,000 retail investors who were lured by the promise of a 6% annual return forever from a company that seemed to have a gold seal o
March 13, 2019
Hyflux gets $530 mil lifeline from Indonesia's Salim and Medco groups
SINGAPORE (Oct 18): Two of Indonesia's largest companies have come to the rescue of Hyflux which is saddled with some $2.95 billion worth of debt as at end-March.
October 18, 2018
Embattled Hyflux in talks with investors
(Oct 9): Hyflux Ltd, the embattled Singapore water-treatment and power company, is in advanced talks with at least two potential investors about taking a strategic equity stake in the group as part of a restructuring plan.
October 09, 2018
Update
Hyflux granted 6-month protection against creditors; seeking $200 mil in rescue financing for projects
SINGAPORE (June 20): The Singapore High Court on Tuesday granted Hyflux a six-month moratorium against its creditors with immediate effect, after the group filed its application last month.
June 20, 2018