WATER treatment company Hyflux has tossed out some of the claims filed against it after adjudication, but the bulk of the S$3.59 billion demanded by some 74 groups of claimants still stands.
Hyflux has now admitted some S$2.81 billion in claims altogether, including facilities claims, contingent claims, and trade and other claims. These claims will be taken into account in the scheme proposals for Hyflux's debt restructuring plan, with retail investors in particular having clamoured loudly at Hyflux's gates over the downward spiral of an erstwhile home-grown darling.
Meanwhile, HSBC Institutional Trust Services , the trustee of Ascendas Reit, had claimed S$120.9 million over the lease of the Hyflux Innovation Centre and the Hyflux building at Kallang Bahru - but just S$41.4 million of that claim was admitted.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »