The saga surrounding Hyflux has caught the eye of Singapore's financial regulators, who are looking into whether the water treatment company has breached any rules.
The Monetary Authority of Singapore and the Singapore Exchange said they are keeping a close watch on developments at the debt-laden business, whose shares have been suspended since May last year pending a restructuring effort.Enjoy unlimited access to ST's best work Subscribe Now
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PUB to take over Tuaspring plant if Hyflux cannot fix its defaults by April 5SINGAPORE- To safeguard Singapore's water security, water agency PUB will terminate the water purchase agreement with Hyflux and start the process of taking over its Tuaspring plant if the beleaguered water treatment firm is not able to fix its defaults by April 5.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
PUB says Salim-Medco should not use it as excuse to pull plug on Hyflux dealHYFLUX's reluctant white knight Salim-Medco consortium (SMI) should not use PUB as an excuse to back out of its investment agreement with the water treatment company, the national water agency said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux admits S$2.81b in claims after adjudicationWATER 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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Restructuring agreement at risk due to Tuaspring default: HyfluxHYFLUX'S restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tuaspring default threatens Hyflux restructuring dealHYFLUX'S restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »