Court approves Hyflux's two-month debt moratorium extension

It has been extended to 02 December.

Embattled water firm Hyflux received Court approval to extend its debt moratorium by two months to 02 December, an SGX filing revealed.

Also read: Hyflux assets 'leaking value' amidst protracted deal timeline: Utico

The firm has also scheduled a case management conference on 31 October 2019, as well as another hearing 29 November 2019.

Hyflux applied for an extension on 19 September in order to gain more time to close a rescue deal with its UAE-based white knight Utico, where the latter aims to hold an 88% stake in the water firm. The water firm has also previously applied for a debt moratorium extension until 2 August.

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