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Be prepared to 'get nothing' in liquidation, Hyflux warns perp, pref holdersWATER treatment firm Hyflux faced its anxious creditors on Friday for the second time since it filed for bankruptcy protection, in a bid to rally support to carry through what has proven to be a tough rescue deal. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux should be given chance to survive amid restructuringTHE annals of Singapore's corporate history are filled with the names of companies that went bankrupt and had to be liquidated, much to the dismay of their shareholders and creditors. From Pan-Electric in the mid-1980s to the S-chips of the mid-2010s, many of these companies were badly tainted by scandals involving accounting irregularities, missing cash and other major governance lapses, in which case it might be argued that their exit - although painful for shareholders - has left the market better off as a whole. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
TuasOne to get S$23m equity injection if Hyflux, Mitsubishi Heavy Industries ink binding deal by JanuaryDEBT-RIDDEN water treatment company Hyflux would see additional equity injection of S$23 million from Mitsubishi Heavy Industries (MHI) into TuasOne waste-to-energy project if the two parties enter into a binding agreement by the end of January. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Falcon Energy looks to complete debt revamp, suspends tradingOffshore and marine company Falcon Energy Group announced during midday trading break on Friday that it it will suspend coupon payment on notes due on Jan 19, as it embarks on a complete debt overhaul. The mainboard-listed company also requested for trading in its shares on the Singapore Exchange to be suspended. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux should be given chance to survive amid restructuringTHE annals of Singapore's corporate history are filled with the names of companies that went bankrupt and had to be liquidated, much to the dismay of their shareholders and creditors. From Pan-Electric in the mid-1980s to the S-chips of the mid-2010s, many of these companies were badly tainted by scandals involving accounting irregularities, missing cash and other major governance lapses, in which case it might be argued that their exit - although painful for shareholders - has left the market better off as a whole. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Be prepared to 'get nothing' in liquidation, Hyflux warns perp, pref holdersWATER treatment firm Hyflux faced its anxious creditors on Friday for the second time since it filed for bankruptcy protection, in a bid to rally support to carry through what has proven to be a tough rescue deal. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stowaway bird found taking business class 12 hours into Singapore-London SIA flightSINGAPORE - A Singapore Airlines (SIA) flight headed to London's Heathrow Airport found it had an unintended passenger - a mynah.. Read more at straitstimes.com. London baby💖 So poor thing. Are they gonna send the bird back to Singapore? Imagine being in a foreign place.. Must have got fed up with riding the Tube.
Source: The Straits Times - 🏆 8. / 63 Read more »
Mynah bird ends up flying from Singapore to London after somehow getting onboard SIA flightBird up.This article, Mynah bird ends up flying from Singapore to London after somehow getting onboard SIA flight, originally appeared on Coconuts, Asia's leading alternative media company. For more Coconuts stories, you can download our app, sign up for our newsletters, or follow us on Facebook, This bird flu SIA 😊 Refugee Undocumented migrant Illegal entry by air (not channel crossing by dinghy) WWF pls step in...to assist in resettlement 🐥🐥🐥
Source: YahooSG - 🏆 3. / 71 Read more »