Utilities
Hyflux discloses identity of potential Middle East white knight
Hyflux discloses identity of potential Middle East white knight
Utico is the largest private full service utility and developer in UAE.
Hyflux CEO Olivia Lum vows to get $1 annual salary until firm ends restructuring
Hyflux is forced to make more cost-cutting measures after the SM Investments deal fell apart.
Hyflux gets one-month lifeline extension
It had asked the court to let it prolong its search for a rescue investor.
Hyflux in talks with potential white knight over $400m investment
The unnamed Middle Eastern entity is an owner of water and power utilities.
Hyflux seeks 3-month extension of protection from creditors
It is also hit by new claims worth $47.96m.
Maybank kills collaboration agreement with Tuaspring and Hyflux
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure.
PUB issues termination notice to Tuaspring
It provides a 30-day notice period before the plant takeover.
Hyflux sues would-be white knight SM Investments for ditching restructuring deal
The water firm is also claiming a $38.9m deposit placed into escrow.
BHP cuts down on white-collar manpower in Singapore and Australia
The mining giant is set to lay off more than 700 functional jobs.
Hyflux falls out of SMI investment over restructuring battle
The utility said it has no confidence that SMI is prepared to complete the investment even if the restructuring gets completed.
Restructuring won't kill Hyflux probes: SIAS
The restructuring scheme would only discharge the company but not its management.
Hyflux refutes SMI's claims on restructuring terms
It argued that SMI knew the terms of the deal before they were published on 16 February.
Hyflux changes venue for scheme meetings
Meetings will be held at The Star Performing Arts Centre to accommodate more attendees.
SM Investments rejects restructuring leeway for Hyflux
Hyflux unveiled the status of its restructuring in response to SIAS’ demands.
Hyflux to resolve disputes over Algerian desalination plant through ICC
It needs to respond to disputes over three deals and one protocol through arbitration.
SIAS slams Hyflux as path to restructuring with SMI turns foggy
Investor anxiety is rising as Hyflux is not resolving issues to keep the restructuring on track, it said.
Sembcorp completes 2.8MWp rooftop solar farm on Supply Chain City
About 8,000 panels are expected to generate over 3,400MW hours of power annually.
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