Hyflux

SINGAPORE (Apr 8): The Monetary Authority of Singapore says that its supervisory reviews to date have not uncovered any impropriety on the part of DBS when performing its roles as both issue manager and distributor of Hyflux perpetual securities in 2016.

SINGAPORE (Apr 6): Two mid-day announcements on April 4 by Hyflux and its rescuer SM Investments left both investors and market watchers confused. First, Hyflux cancelled the meetings to vote on a scheme of arrangement scheduled for April 5 and 8, beca

SINGAPORE (April 1): A rare public protest in Singapore on Saturday underscored mounting anger among investors set to suffer sharp losses in one of the country’s highest-profile corporate debt restructurings.

SINGAPORE (Mar 12): Hyflux is postponing its town hall meeting indefinitely as the group says the venue cannot accommodate the “large number” of shareholders and noteholders who said they wished to attend.

SINGAPORE (Mar 4): Hyflux took an impairment hit of $916 million for the nine months ended Sept 30, to account for a fall in carrying value of the Tuaspring water and power plant and impairment of receivables for previously completed projects.

SINGAPORE (Feb 17): Hyflux has announced a tentative restructuring plan which has still to be voted on in a scheme of arrangement by perpetual security holders, preference shareholders, and unsecured creditors which comprise medium term noteholders, banks

SINGAPORE (Feb 16): Hyflux said its chief executive officer Olivia Lum volunteered to contribute her entire stake of 267 million shares and other securities in the embattled water-treatment company as part of a restructuring plan.

SINGAPORE (Feb 15): Olivia Lum, chairman and CEO of Hyflux, expressed regret that the water company she founded had imploded in such a spectacular manner that it required a bailout.

SINGAPORE (Feb 18): Desalination — the process of turning vast amounts of water from oceans and rivers into fresh water — has been held up as the hope of water-starved nations such as Singapore.

SINGAPORE (Feb 11): The Securities Investors Association Singapore (SIAS) has sent Hyflux an open letter, containing some 23 questions concerning the group’s operations, valuation and accountability, which the association said had not been addressed by