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White Knight
Restructuring
Hyflux granted one-month extension of debt moratorium instead; new deadline is May 24
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.
April 25, 2019
Potential White Knight investors to pump US$50 mil into EMAS Offshore to keep it afloat
SINGAPORE (Sept 4): EMAS Offshore says it has entered into a binding term sheet with potential investors BT Investment, a subsidiary of Baker Technology, and Point Hope who will each invest US$25 million ($33.9 million) in the group as part of its financi
September 04, 2017
EMAS Offshore receives proposals from potential White Knight investors but no deal signed as yet
SINGAPORE (Sept 1): EMAS Offshore said it has received various proposals from potential investors after initiating restructuring proceedings this week.
September 01, 2017