Tag: Hyflux

Embattled Hyflux reportedly only has S$21 million left

Singapore—An anonymous source familiar with beleaguered water treatment firm Hyflux told Bloomberg that the company only has S$21.5 million left in cash. This is enough...

Hyflux goes under judicial management

Singapore—Embattled water treatment firm Hyflux has been placed under judicial management, after Justice Aedit Abdullah on  Nov 16 (Monday) said that the repeated extension for...

Simon Tay resigns from director post at Hyflux

Singapore—Embattled water treatment firm Hyflux announced on February 7 (Friday) that Simon Tay, who had served as a non-executive independent director for the company...

S$400 million Hyflux-Utico deal confirmed

Singapore—On Tuesday, November 26, a S$400 million restructuring agreement between embattled water treatment company Hyflux and the United Arab Emirates utilities company Utico was...

Hyflux: No definitive agreement with Utico just yet

Singapore—While reports emerged that United Arab Emirates-based utility Utico had already struck a restructuring deal with beleaguered water-treatment firm Hyflux on Wednesday, August 28,...

Would-be Hyflux white knight urges water treatment firm to choose investor “without delay”

Singapore—Middle Eastern utility company, Utico which has expressed interest in investing in Hyflux, the beleaguered Singaporean water treatment company for a few months now,...

Hyflux white knight Utico to buy 88% stake for S$535 million

Singapore—Middle Eastern utility company Utico will buy an 88 percent stake in beleaguered water treatment firm Hyflux, for the amount of S$535 million. This was...

Utico extends Hyflux signing deadline to June 27, requests town hall for shareholders by...

Singapore—Embattled water treatment company Hyflux has received an extension from Middle East utility company Utico on its term sheet signature validity. Originally expiring on June...

Hyflux gets 2-month extension on debt moratorium

Singapore— While Hyflux continues to meet with potential investors to discuss a rescue and restructuring plan for the beleaguered water treatment firm, the High...

Hyflux has not yet agreed to definite concessions, still on the lookout for other...

In its continued search for potential investors, Hyflux confirmed in a statement that it had a recent meeting with Utico but that the meeting...
Theindependent