Hyflux

Court grants Hyflux winding-up order - THE EDGE SINGAPORE

Company in the news

Court grants Hyflux winding-up order

The ruling came in a hearing that was adjourned from July 12 after Utico attempted to intervene.

Company in the news

KIT to buy Hyflux's 30% share in SingSpring desalination plant for $12 mil

The acquisition is subject to the approval of PUB and the relevant creditors.

Company in the news

Hyflux may get under $200 million in liquidation

Proceeds of that size from the liquidation would confirm creditors’ concerns that they may get little back from the company

Bonds and treasuries

Why bond covenants matter

There is the temptation to overlook promises, but do not count on the odds to be always in your favour.
Hyflux has at least seven non-binding offers as cash runs out - THE EDGE SINGAPORE

Company in the news

Hyflux has at least seven non-binding offers as cash runs out

Hyflux is Singapore’s most high-profile debt-restructuring case that has dragged on.

Regulatory Action

SGX tightens rules on auditors, property valuers

Valuers must have at least five years of experience in valuing properties in a similar industry, and be independent of the issuer.
Hyflux now has just $21.5 million in cash - THE EDGE SINGAPORE

Company in the news

Hyflux now has just $21.5 million in cash

Judicial managers Borrelli Walsh said earlier they were in talks with 14 new potential investors, on top of five existing ones

Management & Corporate Governance

Utico agrees to extend Hyflux’s binding offer to end August

Utico says that its binding offer will remain open for acceptance during the acceptance period, whether a judicial manager is being appointed or not.

Company in the news

Hyflux to continue O&M contract for Algeria plant on suspended termination notice

Hyflux says that Tahlyat Myah Magtaa (TMM), the owner of the seawater desalination plant in Magtaa, Algeria, is suspending its termination notice of Hyflux’s operations and maintenance (O&M) contract with the plant.

Company in the news

Hyflux now valued at $485 mil following raised offer from Utico; deadline extended to end July

Utico raised its offer for the firm. Utico also pushed out its deadline to the end of July, according to a statement on Thursday.
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