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Regulatory Action
MAS boosts enforcement to send message on financial crime
MAS is “actively studying” investor compensation
February 22, 2023
Regulatory Action
Singapore's probe into Noble Group to conclude in 3Q, says MAS
Besides Noble, MAS says investigations on Hyflux, Eagle Hospitality Trust and nickel trading scam, are ongoing
April 27, 2022
Company in the news
Court grants Hyflux winding-up order
The ruling came in a hearing that was adjourned from July 12 after Utico attempted to intervene.
July 21, 2021
Company in the news
KIT to buy Hyflux's 30% share in SingSpring desalination plant for $12 mil
The acquisition is subject to the approval of PUB and the relevant creditors.
July 07, 2021
Company in the news
Hyflux may get under $200 million in liquidation
Proceeds of that size from the liquidation would confirm creditors’ concerns that they may get little back from the company
June 15, 2021
Bonds and treasuries
Why bond covenants matter
There is the temptation to overlook promises, but do not count on the odds to be always in your favour.
June 04, 2021
Company in the news
Hyflux has at least seven non-binding offers as cash runs out
Hyflux is Singapore’s most high-profile debt-restructuring case that has dragged on.
March 04, 2021
Regulatory Action
SGX tightens rules on auditors, property valuers
Valuers must have at least five years of experience in valuing properties in a similar industry, and be independent of the issuer.
January 12, 2021
Company in the news
Hyflux now has just $21.5 million in cash
Judicial managers Borrelli Walsh said earlier they were in talks with 14 new potential investors, on top of five existing ones
December 29, 2020
Management & Corporate Governance
Utico agrees to extend Hyflux’s binding offer to end August
Utico says that its binding offer will remain open for acceptance during the acceptance period, whether a judicial manager is being appointed or not.
August 03, 2020