Tag: Hyflux

Hyflux’s 34,000 retail investors may get cash redemption from white knight Utico

Singapore—In what seems like a ray of hope for the 34,000 retail investors who stand to lose the money they had put into embattled...

After severe cost-cutting, Hyflux’s Olivia Lum says the company has enough funds for 2-3...

Singapore--Hyflux founder Olivia Lum has said in court documents that the embattled water firm has enough funds for two to three months, following some...

Hyflux reveals Middle Eastern utility company Utico is its new would-be white knight

Singapore—Much beleaguered water treatment firm Hyflux has announced that it is currently in talks with Utico FZC, a utility firm based in the Middle...

New white knight to infuse S$400 million into Hyflux in the offing as CEO...

Singapore— Embattled water treatment company Hyflux said on Thursday, April 25, that it received a non-binding letter of intent for a possible S$400 million...

SIAS calls new Hyflux plan to avoid liquidation “credible” and a “win” for its...

Singapore—In the latest development in the saga of beleaguered water treatment firm Hyflux, the Securities Investors Association Singapore (SIAS) said on Monday, April 22, that...

SM Investments terminates Hyflux rescue deal, both parties suing each other

Singapore – On April 19 (Friday), Indonesia’s Salim-Medco consortium SM Investments (SMI) announced the termination of its plans, in “accordance with the terms of...

Hyflux’s Tuaspring Plant to be turned over to PUB on May 17, Water Purchase...

PUB, Singapore’s national water agency, issued a statement on April 17 (Wednesday) that it is set to take over Hyflux’s Tuaspring Desalination Plant (TSDP)...

Hyflux sues Indonesian consortium SMI, claims S$38.9m deposit made after restructuring deal

Singapore—In the latest chapter in its financial woes, embattled water treatment company Hyflux has now filed a lawsuit against Indonesian consortium SM Investments due...

Hyflux lawyer: Too ‘premature’ to discuss new rescue plan

Singapore—A lawyer for Hyflux told the High Court on Thursday, April 11, that it is still too premature to discuss a new rescue plan...

The cautionary tale of Hyflux’s Olivia Lum’s rags-to-riches story, says Bloomberg report

Singapore—Many hold CEO Olivia Lum responsible for the rise and fall of embattled water treatment firm Hyflux, whose 34,000 retail investors stand to lose...
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