Potential Hyflux investor Pison says unsecured working group of seven creditor banks reluctant to engage it
Singapore
POTENTIAL Hyflux investor Pison Investments on Tuesday said it has received 158 tender application forms from noteholders and other eligible creditors, but that efforts to engage with the unsecured working group (UWG) of seven banks have failed.
The UWG - comprising Mizuho, KfW, Bangkok Bank, BNP Paribas, Standard Chartered Bank, CTBC Bank and the Korea Development Bank - in August filed to place Hyflux under judicial management because it no longer wanted Hyflux's management to lead any restructuring effort.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Samba, Gazelle shoes help drive Adidas sales while North America lags
Bank of Japan upbeat on consumption, service price outlook
Brokers’ take: KGI initiates Winking Studios with ‘outperform’, S$0.34 target price
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut