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Singapore High Court extends Hyflux debt moratorium to end of April 2019

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HYFLUX has convinced a Singapore High Court to extend its debt moratorium by four-and-a-half months to April 30 next year, despite arguments from some bank creditors that the insolvent firm should be kept on a tighter leash. Read more at The Business Times.

 

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High Court grants Hyflux 1-month extension of debt moratorium to May 24HYFLUX will have its debt moratorium extended by one more month to May 24, though High Court Justice Aedit Abdullah stressed that he wants the company kept on a “short leash”. Hyflux has been in restructuring limbo for almost a year now. The water cleaning firm had asked the Court on Thursday to let it prolong its search for a rescue investor by three more months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »