SINGAPORE - Only a small number of investors used their Central Provident Fund savings to buy shares in troubled water treatment company Hyflux.
CPF members held fewer than 3 per cent of Hyflux ordinary shares and fewer than 3 per cent of its preference shares, said a CPF Board spokesman on Tuesday .Enjoy unlimited access to ST's best work Subscribe Now
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Hyflux default signals more trouble ahead for Singapore bond market: S&PS&P Global Ratings said the default of troubled water and power company, Hyflux, could be the 'first wagon in a train of financial distress cases' to come in Singapore, as lending conditions adjust to the economic slowdown and become less favourable. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux default could signal more trouble ahead for Singapore bond market: S&PS&P Global Ratings said the default of troubled water and power company Hyflux could be the 'first wagon in a train of financial distress cases' to come in Singapore, as lending conditions adjust to the economic slowdown and become less favourable. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux aborts investment deal with SM InvestmentsHyflux yesterday aborted a key investment deal with would-be saviour SM Investments (SMI) and cancelled a critical creditors' vote scheduled today, throwing its future in doubt. The beleaguered water treatment firm also cancelled a scheme meeting on April 8 and an...
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Hyflux saga demands better debt disclosure rulesICYMI: Singapore investors suffer from a total lack of consistency in how perps show up in companies' financial reports. hyflux
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Back to square one for Hyflux as it seeks new white knightTroubled 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.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
S&P Global Ratings: Hyflux default may be first of such casesS&P Global Ratings said the default of troubled water and power company Hyflux could be the 'first wagon in a train of financial distress cases' to come in Singapore, as lending conditions adjust to the economic slowdown and become less favourable. The credit ratings...
Source: thenewpaper - 🏆 7. / 63 Read more »
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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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
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