Hyflux receives S$3.5b in proofs of claims from 73 parties

has received proofs of claims worth S$3.5 billion from 73 parties, including from banks, landlords and retail investors.

The Singapore branch of Mizuho Bank is claiming S$183.2 million for a syndicated loan, bilateral loan and project delivery guarantee.Other claimants include: KFW IPEX-Bank, which is seeking S$145.9 million for a guarantee relating to Hydrochem bilateral loans; DBS, which is claiming S$109.2 million for a syndicated loan and various EPC contract performance bonds; and OCBC and UOB, which are seeking smaller amounts of S$913,815 and S$152,664, respectively.

Go all the way retail investors. What is the point of accepting a pittance of what hard earned and saved money you have invested while the company and other big money investors benefit.

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Hyflux: 73 parties file proofs of claims worth S$3.51bHYFLUX 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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »