Hyflux will restart talks with its creditors to explore outcomes other than liquidation, but has not decided yet on whether it will seek an extended debt moratorium from the Singapore High Court.
HYFLUX will restart talks with its creditors to explore outcomes other than liquidation, but has not decided yet on whether it will seek an extended debt moratorium from the Singapore High Court.
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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 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 »
Embattled Hyflux scraps agreement with would-be white knight Indonesian SM InvestmentsHyflux said that it had no confidence that the investor is prepared to continue to complete the proposed SMI Investment, even if all outstanding conditions precedent under the Restructuring Agreement are fulfilled
Source: IndependentSG - 🏆 2. / 72 Read more »
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
Source: BusinessTimes - 🏆 15. / 51 Read more »
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 »
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 »
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 »
Don't shoot the ATM, it's just a distribution tool: banksAS RETAIL investors cast about for someone to blame for their Hyflux woes, the ATM (automatic-teller machine) is the latest in the firing line. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Can the Hyflux restructuring be resurrected?IT was hugely disappointing to learn last week that troubled water treatment firm Hyflux Ltd has terminated its agreement with SMI, the only white knight that has emerged over the past year with funds to help Hyflux. Ever since SMI announced its S$530 million rescue package last October, Sias had consistently maintained that no effort should be spared to ensure that SMI stayed in the game, while urging all stakeholders to show up and vote at their respective restructuring extraordinary general meetings in order to stave off liquidation and save the company. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »