Hyflux

Hyflux was once a high-flying symbol of Singapore’s entrepreneurial might before a stumble in 2018 made it the city-state’s highest-profile distressed debt case. The fall has left some 34,000 retail investors in the lurch.

Quoteworthy

The development is an added complication in Singapore’s highest-profile restructuring case, which has left some 34,000 retail investors in the lurch.

SINGAPORE (Jan 2): Singapore Exchange Regulation (SGX RegCo) has set up a working group to review the retail bonds regulatory framework.

SINGAPORE (Dec 30): Securities Investors Association (Singapore) (SIAS) is urging Hyflux’s investor Aqua Munda to be more transparent, referring in particular to its invitation memorandum on Friday.

SINGAPORE (Sept 30): Distressed water treatment company Hyflux has bought itself yet more time, after the High Court on Monday granted another two-month extension of its debt moratorium to Dec 2.

SINGAPORE (Sept 2): “What Elon Musk wants to produce is a lifestyle. We are not interested in a lifestyle. We are interested in proper solutions that will address climate problems.” — Masagos Zulkifli, Singapore’s minister for environment and wate

(July 26): United Arab Emirates-based utility Utico FZC plans to raise as much as $500 million through a listing on the Singapore Exchange in the next two years, according to chief executive officer Richard Menezes.

Singapore (12 July): On July 2, the Monetary Authority of Singapore published a consultation paper to consider raising the regulatory gearing limit (debt-to-asset ratio) for real estate investment trusts from the current 45%, and to introduce a minimum in

SINGAPORE (July 11): Perpetual capital securities have had something of a bad rap in Singapore following Hyflux’s default of its retail issuance of $900 million of perpetual capital securities and preference shares (PnP), where some 34,000 retail invest