Embattled water desalination company Hyflux, which appointed heavyweight debt restructuring expert nTan this week as its corporate adviser, is in a race against time to find a new buyer, with one week to file for an extension of its debt moratorium.
The bid gained more urgency with PUB firing a warning on Wednesday, saying it was terminating its water purchase agreement with Hyflux and would take over its desalination plant Tuaspring in 30 days.Enjoy unlimited access to ST's best work Subscribe Now
You know you don't have to quote someone just for the sake of it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-white knight SM Investments sues Hyflux for breaching agreement terms[SINGAPORE] Former white knight SM Investments (SMI) has said it will be suing debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday (April 19). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux sues SM Investments; appoints Nicky Tan as adviserHYFLUX could be headed for a debt moratorium extension application as it has added well-known restructuring specialist nTan Corporate Advisory as adviser for its ongoing court-supervised reorganisation process. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore regulators reviewing disclosure issues, accounting practices at Hyflux for potential breachesSINGAPORE: Singapore’s regulators said on Tuesday (Apr 16) that they have commenced a review into Hyflux to see if the debt-laden water treatment ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux sues SM Investments over repudiation of rescue deal, claims S$38.9m depositDEBT-RIDDEN Hyflux has filed a lawsuit against its former suitor SM Investments (SMI) in the Singapore High Court for the repudiation of the rescue deal and is claiming the S$38.9 million deposit. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »