Hyflux and three of its subsidiaries have applied to the Singapore High Court for an additional three-month reprieve from its creditors as it works on another plan to avoid liquidation, it announced in an exchange filing on Tuesday.HYFLUX and three of its subsidiaries have applied to the Singapore High Court for an additional three-month reprieve from its creditors as it works on another plan to avoid liquidation, it announced in an exchange filing on Tuesday.
The troubled water treatment firm said the applications were filed by Hyflux, Hydrochem, Hyflux Engineering and Hyflux Membrane Manufacturing.
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.
Commentary: Hyflux after the perfect stormOnce a star in the water treatment industry, Hyflux had been struck by a series of unfortunate events and some think its fate is sealed, say NUS ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ex-white knight SM Investments sues Hyflux for breaching agreement terms[SINGAPORE] Former white knight SM Investments (SMI) has said it will be suing debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday (April 19). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux to seek 3-mth debt moratorium extension ahead of Apr 30 deadlineHYFLUX wants more time to try to return to solvency, and plans to file an affidavit to the Singapore High Court soon to give it an additional three-month reprieve from creditor claims. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux racing against time in hunt for new white knightEmbattled water desalination company Hyflux, which appointed heavyweight debt restructuring expert nTan this week as its corporate adviser, is in a race against time to find a new buyer, with one week to file for an extension of its debt moratorium.. Read more at straitstimes.com. You know you don't have to quote someone just for the sake of it.
Source: The Straits Times - 🏆 8. / 63 Read more »
SM Investments to sue Hyflux for alleged breach of agreementFORMER white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »