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Hyflux creditors asked to file proof of claims by Feb 15
To those upset by the timing, Hyflux says the law calls for this to be done at the time of restructuring
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Tay Peck Gek
Published Fri, Feb 1, 2019 · 09:50 PM
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Singapore
HYFLUX's ongoing restructuring process threatens to be a complex one for several reasons, including that of its stakeholders' confusion over the filing of proof of claims.
The water-treatment company on Friday called on its creditors to file their proof of claims ahead of scheme meetings. The proofs, which will form a basis to vote on scheme proposals and to receive payments, have to be submitted by 5pm on Feb 15.
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