SUBSCRIBERS
SM Investments to sue Hyflux for alleged breach of agreement
Maybank to appoint receivers, managers for Tuaspring assets excluding desalination plant
Published Fri, Apr 19, 2019 · 09:50 PM
Singapore
FORMER white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday.
Both Hyflux and SMI will be making a grab for the S$38.9 million deposit that was placed in escrow by SMI for the restructuring agreement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
What to expect as US moves towards faster stock settlement
Businesses in DC blame the government for the district’s empty offices
Canada orders dissolution of two firms, citing national security concerns
Millennium asked Weiss to cut staff, expel clients in deal talks
Families of Uvalde school shooting victims sue Meta, Microsoft, gunmaker
US: Stocks stabilise after choppy trading week ahead of long weekend