restructuring

Restructuring

Aqua Munda still 'interested' in buying over Hyflux's debt

SINGAPORE (June 4): In a letter to Hyflux CEO Olivia Lum and its board of directors sent on Tuesday (June 2), Aqua Munda’s director Bambang Sugeng bin Kajairi says that the company is still “intere

Restructuring

66 parties file proofs of claim worth $3.1 bil against Hyflux

SINGAPORE (Mar 18): Embattled water treatment company Hyflux saw a total of 66 companies file proofs of claims, the company reported on Wednesday. 

Restructuring

SIAS calls on Aqua Munda to show 'more transparency' in bid for Hyflux debt

SINGAPORE (Dec 30): Securities Investors Association (Singapore) SIAS is urging Aqua Munda, which is trying to buy over Hyflux's debt, to be more transparent in its offer bid, referring in particul

Restructuring

Terence Tea reorganises stakes in Accrelist, Jubilee and EG

SINGAPORE (Dec 24): Terence Tea Yeok Kian, executive chairman of Accrelist, which is gearing up for expansion into the aesthetics business, is trying to reorganise his stakes in  three of the separ

Results

SPH reports 23.4% drop in FY19 earnings to $213.2 mil; announces plans to cut 5% of media staff

SINGAPORE (Oct 17): Singapore Press Holdings (SPH) is looking to cut 5% of staff from its media group as print revenue continues to slide.

Aviation

Malaysia Airlines' new plan targets 2022 break-even

KUALA LUMPUR (July 15): Malaysia Airlines Bhd’s new long-term business plan (LTBP), which is still awaiting approval from the Khazanah Nasional Bhd board of directors, would see the national carrie

Restructuring

Deutsche Bank cuts 18,000 employees in $11.3 bil 'reinvention'

(July 9): Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($11.3 billion) “reinvention” that will lead to yet another annual lo

Restructuring

Swiber creditors give nod for proposed restructuring with Seaspan

SINGAPORE (May 30): Creditors of Swiber Holdings and its main subsidiary, Swiber Offshore Construciton (SOC), have approved a restructuring proposal which the group says will take it one step neare

Update

Backed into a corner, Hyflux remains uncertain over plans to extend debt moratorium

SINGAPORE (April 11): Hyflux remains undecided over the possibility of seeking an extended debt moratorium ahead of the April 30 deadline, according to the troubled water and power company’s repres

Restructuring

Hyflux restructuring plans rocked by PUB notice to Tuaspring; ESR-REIT files proofs of claims

SINGAPORE (Mar 6): Hyflux, the water treatment firm which is undergoing debt restructuring, has received a notice from Singapore’s Public Utilities Board “asserting certain default

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