Hyflux has received proofs of claims from 73 parties worth some S$3.51 billion in total, the beleaguered water treatment firm announced in a regulatory filing on Friday.HYFLUX has received proofs of claims from 73 parties worth some S$3.51 billion in total, the beleaguered water treatment firm announced in a regulatory filing on Friday.
In particular, owners of the company's perpetual securities and preference shares have filed proofs for some of the largest claim amounts. Owners of its S$500,000, 6 per cent perpetual securities have filed claims worth S$540.7 million, while owners of its S$400,000, 8 per cent preference shares have filed claims worth some S$429.3 million.
In addition, project company Tahlyat Myah Magtaa SpA has filed a proof of claim worth S$502.6 million for an EPC contract, and an O&M contract parent guarantee related to Hyflux's Magtaa desalination plant in Algeria. The Singapore branch of Mizuho Bank is claiming S$183.2 million for a syndicated loan, bilateral loan and project delivery guarantee; while KfW Ipex-Bank is claiming S$145.9 million for a guarantee relating to Hydrochem bilateral loans, the filing showed.Other claimants who have also filed proofs of claims include Bangkok Bank, which is claiming about S$124.1 million for bilateral loans, and HSBC Institutional Trust Services which is claiming S$120.