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.

This means Hyflux will be able to complete its ongoing $750 million TuasOne Waste-to-Energy Plant project and US$250 million ($336.2 million) Qurayyat Independent Water Project, without having to answer to creditors unrelated to both projects until May 2019.

See: Hyflux files for court protection; preference shares, perps holders see investment at risk

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