SM Investments (SMI)

SINGAPORE (Nov 26): Embattled Singapore water treatment firm Hyflux has finally signed a $400-million restructuring agreement with Middle Eastern utility player Utico FZC.

SINGAPORE (July 11): Hyflux says it has had informal discussions with United Arab Emirates utilities group Utico FZC, even after the extended deadline for entering into a binding agreement lapsed on June 27.

SINGAPORE (Apr 29): Debt-laden water company Hyflux has been given a month’s extension on its debt moratorium, instead of the three months it applied for.

SINGAPORE (Apr 25): Hyflux International, the debt-laden water company facing potential liquidation, has been granted a one-month extension of its debt moratorium to May 24 although it had asked for an extra three months.

SINGAPORE (Apr 22): Announcements continue to be made thick and fast in the ongoing Hyflux saga. The Public Utilities Board (PUB) announced on April 17 plans to take over the Tuaspring desalination plant in 30 days. The national water agency, which has a

(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.

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.

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

(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.

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.