Tag: Hyflux

High Court approves Hyflux liquidation; 34,000 retail investors likely to walk away empty-handed

Singapore—The High Court approved the appeal from judicial managers for the liquidation of Hyflux on Wednesday (Jul 21). The embattled water treatment firm’s winding up...

Hyflux in waiting for their white knight, Utico, to put down $10million deposit as...

Singapore — The plan from judicial managers for the liquidation of embattled water treatment firm Hyflux may yet be avoided, provided the company’s would-be...

Would-be white knight Utico makes a last-ditch attempt to prevent Hyflux liquidation

Singapore — The winding-up of embattled water treatment firm Hyflux has been stopped by another effort from its would-be white knight, Utico, a Middle...

Creditors, shareholders face losses as Hyflux likely to get less than S$200 million in...

Singapore—According to a Bloomberg report, embattled water treatment company Hyflux is likely to fetch less than S$200 million in liquidation. This amount is far less...

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,...
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