Hyflux, to adjust for a fall in carrying value of the Tuaspring water and power plant and other write-downs. This figure was released on Saturday, after Hyflux submitted its latest statement of financial position to the High Court. Hyflux had asked a valuer to conduct an up-to-date valuation of the Tuaspring plant, but no exact figure was shared in the submission., which owns three land parcels in China's Guangdong province totalling 36,405 square metres , for 738 million yuan .
. It had previously been given until Feb 28, 2019 to meet financial criteria that would allow it to exit the bourse's watch list. The company said it has been able to streamline its existing oil and gas business segment and operations to improve the group's cash flow, while also diversifying into new businesses to acquire new revenue streams. It added that is now close to achieving the minimum trading price of S$0.20 set by SGX. Mirach shares closed on Friday up 0.
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.
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.
Source: BusinessTimes - 🏆 15. / 51 Read more »
First Sponsor buying 36,405 sq m of Guangdong land for 738m yuanHONG Leong-linked property developer First Sponsor plans to buy Concord Focus Development, which owns three land parcels in China's Guangdong province totalling 36,405 square metres (sq m), for 738 million yuan (S$148.9 million).First Sponsor said that the property has land use rights with expiry dates of Jan 31, 2088 for residential use and Jan 31, 2058 for commercial use. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
‘Don’t vote in anger,’ says SIAS as distressed Hyflux retail investors start petitionSINGAPORE: The Securities Investors Association Singapore (SIAS) on Monday (Feb 25) called on retail investors of Hyflux to consider their votes ... Angry that they are getting back $107 of $1000 that they had or for the government not removing hyflux from its biggest burden, the Tuas desalination plant and thus nationalising what is a critical asset and part of our total defence.
Source: ChannelNewsAsia - 🏆 6. / 66 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 »
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 »
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.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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.
Source: YahooSG - 🏆 3. / 71 Read more »
S$1.1b loss for Hyflux after taking S$916m impairment hit in first 9 months of 2018SINGAPORE: Troubled water treatment firm Hyflux chalked up a net loss of S$1.1 billion for the nine months ended Sep 30, 2018, as it took a hefty ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
The Big Read: As more cyberattacks loom, Singapore has a weak ‘first line of defence’Collaboration between governments, educational institutions, professional bodies and enterprises is needed, but companies and individuals can also ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »