Hyflux

SINGAPORE (Dec 4): Malayan Banking has granted a third deadline extension to Hyflux in its search for a buyer for the loss-making Tuaspring water and power plant.

SINGAPORE (Nov 21): Hyflux says buyers of its 200,000 cubic metres/day seawater desalination plant at Souk Tleta in Tlemcen, Algeria, has purportedly issued a notice of termination for the existing water purchase agreement.

(July 18): A homegrown Singaporean company that owns one of the financial centre’s three seawater desalination plants is struggling to stay afloat. Whether Hyflux Ltd. sinks or swims will matter to creditors and shareholders. The strategic stakes, thoug

SINGAPORE (July 12): Singapore’s smaller companies will likely have to pay more to roll over borrowings in the local bond market ahead of unprecedented maturities, as the wealthy investors who constitute a key buyer base get cold feet.

SINGAPORE (May 24): Hyflux says it has decided not to go through with a project to develop three desalination plants in Saudi Arabia as a capital injection is now required, in view of its recent financial woes.  

SINGAPORE (May 23): Hyflux, the water treatment firm, announced that its group executive vice president and group COO, Wong Lup Lai, has resigned, effective May 31.

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.

SINGAPORE (May 9): Water company Hyflux sank to a net loss of $22.2 million for the 1Q ended March, from a restated net loss of $64,000 a year ago.

SINGAPORE (Apr 6): Hyflux announced that its wholly-owned subsidiary, Hyflux International, has secured a contract by Asia Water Development Engineering Company (AWDEC) to design, manufacture and supply a seawater reverse osmosis desalination package in B

SINGAPORE (Feb 27): Water solutions provider Hyflux has announced a FY17 loss of $116.4 million compared to $3.8 million in earnings posted for FY16, citing continued weak electricity prices across the Singapore power market.