Court grants 'last' adjournment for JM application for Hyflux
Singapore
IT'S a last chance for Hyflux to bring a firmer conclusion to one of the current three deals on the table, as Justice Aedit Abdullah on Wednesday agreed to grant adjournment to the judicial management (JM) application. A hearing will be conducted "no earlier than three weeks" from now, the judge said.
But this was after he chastised Hyflux's lawyer Nish Shetty from Clifford Chance Asia for making a lastminute request at the start of Wednesday's hearing for an adjournment.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
New Thai finance minister downplays row with central bank
South-east Asia increasingly used for illicit money flows, terrorist financing: US Treasury official
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT