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Court grants further extension in moratorium to Hyflux as rescue deal moves forward
Hyflux's application to extend deadline was unopposed despite reports of threats by some lenders to block the restructuring
Published Fri, Nov 29, 2019 · 09:50 PM
Singapore
THE Hyflux lenders that were reportedly opposed to the rescue deal signed by Hyflux and white knight Utico have so far came up empty on their threat to block the restructuring.
At the end of an hour-long High Court hearing on Friday, Justice Aedit Abdullah granted Hyflux a two-month extension of its debt moratorium, with the next hearing to be held on Jan 29.
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