Hyflux International (Hyflux)

Debt and defaults

What are the lessons from the Hyflux haircut?

(Dec 20): In the 1970s, long-haired visitors to Singapore were required to cut their hair on arrival as unkempt locks were linked to hippie culture.


Hyflux finally signs $400 mil rescue deal with Utico

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 studies tightening bonds, REITs regulation

(Aug 7): Singapore is examining ways to tighten regulation of retail bond issues and the real estate investment trust sector as it steps up investor protection in the city-state.

Company in the news

Hyflux could get $535 mil lifeline from white knight Utico

SINGAPORE (July 16): After months of high tension drama as it teetered on the brink of bankruptcy, Hyflux looks like it is finally going to be saved by a white knight investor.


Hyflux gets non-binding letter of intent from China suitor

SINGAPORE (June 15): Hyflux has received another non-binding letter of intent (LOI) for a potential investment in the group by an investor based in China.


Hyflux's debt moratorium extended by 2 months to Aug 2; in talks with 7 investors

SINGAPORE (May 30): The Singapore High Court has granted Hyflux a two-month extension of its debt moratorium, the company announced in a filing last night.


UAE's Utico submits binding offer to invest in Hyflux: CEO

ABU DHABI (May 13): United Arab Emirates-based utility firm Utico has submitted an offer for a binding agreement to invest in Singapore's Hyflux, Utico's chief executive said on Sunday.

In print this week

Hyflux races to find new investors as time for moratorium runs out

SINGAPORE (May 13): Embattled water company Hyflux is in a race against time to find a new investor after it failed to complete an earlier restructuring agreement with Salim-Medco Investments (SMI)

Management & Corporate Governance

Hyflux receives another LOI, this time from Oyster Bay Fund to invest up to $500 mil

SINGAPORE (May 10): Hyflux International says it has received another non-binding LOI (letter of intent) from Oyster Bay Fund to invest up to $500 million in the group, subject to regulatory cleara


Hyflux's moratorium extended by 5 days to May 29; two new restructuring plans in the works

SINGAPORE (May 7): The Singapore High Court on Tuesday rejected the petition by a group of seven unsecured banks to be excused from a debt moratorium so that they can file an application to have Hy

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