SM Investments (SMI)


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.

Management & Corporate Governance

Hyflux says 'progressing towards a deal' with Utico as binding agreement deadline lapses

SINGAPORE (July 11): Hyflux says it has had informal discussions with United Arab Emirates utilities group Utico FZC, even after the extended deadline for entering into a binding agreement lapsed o

Management & Corporate Governance

Hyflux’s debt moratorium extended to May 24

SINGAPORE (Apr 29): Debt-laden water company Hyflux has been given a month’s extension on its debt moratorium, instead of the three months it applied for.


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 fo

SMI takes legal action against Hyflux; Maybank moves on Tuaspring

(Apr 20): SM Investments (SMI) has terminated its rescue agreement with Hyflux, it announced on Friday. Hyflux, on its part, had already on April 4 terminated the same agreement with SMI.


Hyflux files lawsuit against former white knight SM Investments

SINGAPORE (Apr 15): Hyflux is suing former white knight investor SM Investments (SMI) in the Singapore courts for repudiation of the restructuring agreement agreed upon between the two parties in O

Management & Corporate Governance

Hyflux rescue bid by SMI falls through amid conflicting statements

SINGAPORE (Apr 6): Two mid-day announcements on April 4 by Hyflux and its rescuer SM Investments left both investors and market watchers confused.

Management & Corporate Governance

Hyflux scraps restructuring plan after spats with investors

(Apr 4): One of Singapore’s highest-profile corporate debt restructurings was thrown into disarray on Thursday, as embattled water and power company Hyflux scrapped a pact with its would-be saviour

Management & Corporate Governance

White knight SM Investments walks away from Hyflux rescue deal

SINGAPORE (Apr 4): Indonesian consortium SM Investments has aborted its proposed deal to invest in Hyflux, ending an agreement that was seen as a lifeline for the beleaguered water treatment compan

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