Troubled water treatment company Hyflux faces a higher chance of being liquidated barring the appearance of a new white knight investor - and experts say that the chances of one appearing are low.
What was supposed to be a lifeline for Hyflux to restructure its debts ended abruptly yesterday, a day before creditors were slated to vote on the proposed reorganising deal.Enjoy unlimited access to ST's best work Subscribe Now
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Indonesian white knight drops deal to invest in Singapore's HyfluxAn Indonesian white knight has dropped its proposed deal to invest in water treatment company Hyflux, ending an agreement that was seen as a lifeline for the beleaguered Singaporean firm. Hyflux said in a statement on Thursday that SM Investments, a consortium of Indonesia's Salim Group and Medco
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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
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Hyflux says Salim-Medco rescue is off; both sides play the blame gameHyflux says Salim-Medco rescue is off; both sides play the blame game
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.
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Restructuring does not stop any probe into Hyflux: SIAS chiefSECURITIES Investors Association (Singapore) chief David Gerald in his latest media statement on the debt-ridden Hyflux, attempted to correct some erroneous views of investors of the water treatment company, as he pointed out that current investigations, if any, would not be aborted just because investors vote in favour for restructuring on April 5. Read more at The Business Times.
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Flash: Hyflux says Salim-Medco investment is off; cancels scheme meetingsHYFLUX on Thursday said the key investment deal with Salim-Medco is now off the table and cancelled scheme meetings scheduled for April 5 and 8. Read more at The Business Times.
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