subsidiary Tuaspring Pte Ltd (TPL), which owns Singapore’s second and largest desalination plant, to remedy defaults arising under a 25-year water purchase agreement between them.
READ: Hyflux’s Tuaspring plant - The ‘noose around the neck’ that needs to be sold, but can it be doneUnder the deal signed with PUB in 2011, Tuaspring has to deliver up to 70 million gallons of desalinated water per day to PUB for a 25-year period from 2013 to 2038.Desalinated water is one of Singapore’s four national taps, to ensure a diversified and sustainable water supply. Singapore’s desalination plants are integral to our water security.
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PUB issues default notice to Tuaspring over failure to fulfil 'contractual obligations'HYFLUX subsidiary Tuaspring Pte Ltd (TPL) has been slapped with a default notice from PUB, for failing to keep its desalination plant reliably operational as required under the Water Purchase Agreement with the national water agency. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
PUB issues default notice to Hyflux's TuaspringSINGAPORE: National water agency PUB has issued a default notice to Tuaspring Pte Ltd (TPL), a subsidiary of Hyflux, to remedy defaults arising ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux takes $916m impairment hit for 9 months ending Sept 30Hyflux has taken a $916 million impairment charge for the nine months ended Sept 30, 2018, relating to a loss while adjusting the carrying value of Tuaspring water and power plant, and other write-downs. Hyflux submitted its latest statement of financial position to the...
Source: thenewpaper - 🏆 7. / 63 Read more »
Singapore's Hyflux takes $676.8 mln impairment hit for 9-month resultsSingapore's Hyflux Ltd has taken a S$916 million ($676.76 million) impairment charge for the nine months ended Sept. 30, 2018, relating to a loss while adjusting the carrying value of Tuaspring water and power plant, and other write-downs. Hyflux submitted its latest statement of financial position
Source: YahooSG - 🏆 3. / 71 Read more »
PUB issues default notice to Hyflux's Tuaspring; warns will take control of plant if defaults not resolvedSINGAPORE- The PUB has issued a default notice to Hyflux's Tuaspring, Singapore's largest desalination plant, to remedy defaults arising under the water purchase agreement between them.. Read more at straitstimes.com. Let's get it nationalise but creditor Maybank will need to be paid fully what it is owed. Then hopefully without this liability Hyflux general retail investors will see more of their money back.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Hyflux, First Sponsor, Mirach Energy, Transcorp, Trek 2000, AMP CapitalTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Clash over $2 billion of debt at Singapore's Hyflux heats upHyflux's creditors are due to file proof by Friday of the obligations that Hyflux owes them, putting the company’s S$2.7 billion ($2 billion) unsecured debt load under an even brighter spotlight.
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Stocks to watch: Hyflux, Olam, Oxley, First Resources, Hong FokTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
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Sias urges Hyflux senior creditors to give up more for perp and pref holdersTHE Securities Investors Association (Singapore) is urging the Hyflux board to consider an alternative restructuring plan under which retail perp and pref share holders (PnPs) can recover a bit more of their principal - although this can happen only if senior creditors agree to give up some of their share. Read more at The Business Times.
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Clash over S$2.7b of debt at Hyflux heats up[SINGAPORE] Singapore's troubled water treatment company Hyflux, formerly celebrated as a hallmark of entrepreneurship in better times, is set for a humbling week. Read more at The Business Times.
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