Welcome!
Hyflux
Management & Corporate Governance
Hyflux suitor Utico says 'willing to walk away' from restructuring deal
The development is an added complication in Singapore’s highest-profile restructuring case, which has left some 34,000 retail investors in the lurch.
January 16, 2020
Management & Corporate Governance
SGX RegCo forms working group to review retail bonds framework amid Hyflux debacle
SINGAPORE (Jan 2): Singapore Exchange Regulation (SGX RegCo) has set up a working group to review the retail bonds regulatory framework.
January 02, 2020
Restructuring
SIAS calls on Aqua Munda to show 'more transparency' in bid for Hyflux debt
SINGAPORE (Dec 30): Securities Investors Association (Singapore) (SIAS) is urging Hyflux’s investor Aqua Munda to be more transparent, referring in particular to its invitation memorandum on Friday.
December 30, 2019
Management & Corporate Governance
Hyflux wins yet another reprieve; debt moratorium extended again to Dec 2
SINGAPORE (Sept 30): Distressed water treatment company Hyflux has bought itself yet more time, after the High Court on Monday granted another two-month extension of its debt moratorium to Dec 2.
September 30, 2019
Global Economy
Briefs
SINGAPORE (Sept 2): “What Elon Musk wants to produce is a lifestyle. We are not interested in a lifestyle. We are interested in proper solutions that will address climate problems.” — Masagos Zulkifli, Singapore’s minister for environment and wate
August 30, 2019
IPO
Hyflux suitor Utico eyes $500 mil Singapore IPO in 2 years
(July 26): United Arab Emirates-based utility Utico FZC plans to raise as much as $500 million through a listing on the Singapore Exchange in the next two years, according to chief executive officer Richard Menezes.
July 26, 2019
In print this week
REIT managers welcome MAS consultation paper, question hangs over classification of perpetual securities
Singapore (12 July): On July 2, the Monetary Authority of Singapore published a consultation paper to consider raising the regulatory gearing limit (debt-to-asset ratio) for real estate investment trusts from the current 45%, and to introduce a minimum in
July 12, 2019
Capital markets
Strong demand for UOB's $750 mil perps
SINGAPORE (July 11): Perpetual capital securities have had something of a bad rap in Singapore following Hyflux’s default of its retail issuance of $900 million of perpetual capital securities and preference shares (PnP), where some 34,000 retail invest
July 11, 2019
Management & Corporate Governance
Hyflux says 'progressing towards a deal' with Utico as binding agreement deadline lapses
SINGAPORE (July 11): Hyflux says it has had informal discussions with United Arab Emirates utilities group Utico FZC, even after the extended deadline for entering into a binding agreement lapsed on June 27.
July 11, 2019