Debt-laden water treatment company Hyflux and its subsidiary Tuaspring Pte Ltd will not be bailed out by the Government.
The water agency has therefore said that it is willing to waive the compensation sum and purchase the plant at zero dollars, he added. The minister also stressed that PUB's actions do not weaken either Tuaspring or Hyflux, nor do they disadvantage those who have invested in Hyflux. Rather, it is quite favourable to Tuaspring, he said.
Should Tuaspring fail to remedy the defaults, PUB will terminate the agreement and take over the plant.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sias chief questions PUB on Tuaspring in open letterSECURITIES Investors Association (Singapore) chief David Gerald, saying he is representing the interests of retail investors of Hyflux, on Tuesday sent a letter with a list of queries to Ng Joo Hee, chief executive of the Public Utilities Board (PUB), regarding the developments in the Hyflux saga. Read more at The Business Times. i think BT should stop giving Mr Gerald so much publicity, especially when he’s not asking questions that the media hasn’t already raised the media has previously explained that the price for Tuaspring is determined under the WPA. they look at net present value of future (negative) cashflows, not cost of building.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Taxpayers cannot bail out Hyflux investors: MasagosTHE public can't be asked to bail out struggling water treatment company Hyflux's retail investors, Minister for the Environment and Water Resources Masagos Zulkifli has said. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Taxpayers can't bail out Hyflux investors, Masagos tells ParliamentNATIONAL water agency PUB’s actions over debt-hit Hyflux’s Tuaspring desalination plant have not weakened the public-private partnership (PPP) model for critical infrastructure assets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Daily Debrief: What Happened TodayTaxpayers can't bail out Hyflux investors, Masagos tells Parliament; private home price index down 0.6% q-o-q in Q1 2019: URA flash estimate at
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux changes scheme meetings location to accommodate larger number of attendeesHYFLUX announced on Wednesday that there will be a change in location for its upcoming scheme meetings in order to accommodate a larger number of attendees. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Allocation to Hyflux creditors not agreed on: Salim-MedcoTHE rescue deal that Hyflux intends to put to a creditors' vote on April 5 does not have the endorsement of Salim-Medco, the Indonesian investor group led by billionaire Anthoni Salim reiterated on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
White knight investor throws Singapore's Hyflux rescue into doubtAn Indonesian white knight, whose proposed investment in Hyflux is crucial for the beleaguered water treatment company's rescue, said on Thursday that conditions for a deal to restructure the firm had not been met. In October, SM Investments (SMI), a consortium of Indonesia's Salim Group and
Source: YahooSG - 🏆 3. / 71 Read more »