Hyflux applies for debt moratorium extension as it claims to have plan to avoid liquidation

It announced in an exchange filing that the application will be heard at the next case management conference on Thursday, just days before its court-sanctioned protection from creditors expires on 30 April. If successful, the debt moratorium will be extended to 30 July.

Plan to avoid liquidation, keep retail investors in the booksOn Monday, investment watchdog Securities Investors Association , or SIAS, said after a meeting with Hyflux representatives that the firm is coming up with a plan to avoid liquidation and keep its retail investors in its books. SIAS had requested the meeting after a $530 million rescue deal with Indonesia’s SM Investments went awry earlier this month.

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