The saga surrounding Hyflux has caught the eye of Singapore's financial regulators, who are looking into whether the water treatment company has breached any rules.
The Monetary Authority of Singapore and the Singapore Exchange said they are keeping a close watch on developments at the debt-laden business, whose shares have been suspended since May last year pending a restructuring effort.Enjoy unlimited access to ST's best work Subscribe Now
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PUB to take over Tuaspring plant if Hyflux cannot fix its defaults by April 5SINGAPORE- To safeguard Singapore's water security, water agency PUB will terminate the water purchase agreement with Hyflux and start the process of taking over its Tuaspring plant if the beleaguered water treatment firm is not able to fix its defaults by April 5.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
PUB says Salim-Medco should not use it as excuse to pull plug on Hyflux dealHYFLUX's reluctant white knight Salim-Medco consortium (SMI) should not use PUB as an excuse to back out of its investment agreement with the water treatment company, the national water agency said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
PUB to Salim-Medco: Don't use us as excuse to pull out of Hyflux dealHYFLUX's reluctant white knight should not use PUB as an excuse to back out of its investment agreement with the water company, the national water agency said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
The Hyflux story so far, in BT WeekendAS the Hyflux saga continues, we take a look back at the history of the Tuaspring project, retracing how it kicked off, how it was financed, and how the funding model floundered. Read the story so far, in Brunch this Saturday in The Business Times Weekend. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux given till April 5 to fix defaults or lose TuaspringDebt-ridden Hyflux faces the prospect of selling its Tuaspring desalination plant for zero dollars to national water agency PUB if it fails to rectify defaults by April 5. PUB said yesterday it would terminate its water purchase agreement with a Hyflux unit and take over...
Source: thenewpaper - 🏆 7. / 63 Read more »
PUB gives Hyflux deadline to resolve defaults, or it will take over TuaspringThe Public Utilities Board said it would terminate the Water Purchase Agreement (WPA) with Hyflux for failing to safeguard Singapore’s water security Hyflux started it and Government taking over just like that. I won't be surprised Government will sell it off just like NOL.
Source: IndependentSG - 🏆 2. / 72 Read more »
MAS and SGX keeping eye on Hyflux saga to see if company breached any rules'If there is any evidence of potential breaches of the law or regulations, including any potential disclosure lapses, we will investigate and take appropriate actions,' the regulators said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hyflux admits S$2.81b in claims after adjudicationWATER treatment company Hyflux has tossed out some of the claims filed against it after adjudication, but the bulk of the S$3.59 billion demanded by some 74 groups of claimants still stands. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Restructuring agreement at risk due to Tuaspring default: HyfluxHYFLUX'S restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tuaspring default threatens Hyflux restructuring dealHYFLUX'S restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »