The Business Times
business-time-50
SUBSCRIBERS

Combing through Hyflux's 'no haircut' plan

All it has now is a non-binding letter of intent from an unnamed party, but none of the hoped-for S$400m cash injection will go to perp and pref share holders

google-preferred-sourceAdd BT as a preferred source
Published Sun, Apr 28, 2019 · 09:50 PM

    Singapore

    HYFLUX wants to woo investors with a new proposal.

    The plan (or hypothetical scenario, some might say) it has drawn up relies on Hyflux clinching a new investor for Hydrochem, its engineering, procurement and construction (EPC) business.

    HyfluxDebt restructuringSIAS

    TRENDING NOW

    Nadiem Makarim (left) has been charged with committing unlawful acts to enrich himself, others or corporations, causing losses to state finances.

    Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Piyush Gupta, chairman of SMU, Keppel and Mandai Wildlife Group, said: "We have to position the parks to serve our advocacy purpose, to serve an entertainment purpose, to continue to be what Singaporeans want.”

    Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More