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Revisions

Hyflux applies for court protection to restructure debts

PC Lee Published on Tue, May 22, 2018 / 9:30 PM GMT+8

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SINGAPORE (May 22): Hyflux and five of its subsidiaries on Tuesday applied for protection from the High Court of Singapore as the group begins negotiations with creditors and restructure its debts.

The five subsidiaries are Hydrochem (S), Hyflux Engineering, Hyflux Membrane Manufacturing (S), Hyflux Innovation Centre and Tuaspring.

The water and energy group has also engaged WongPartnership LLP as legal advisors and Ernst & Young Solutions LLP as financial advisors in the process.