Hyflux gets court order for April 5 scheme meeting

Singapore

HYFLUX has convinced a Singapore High Court to order a scheme meeting for creditors on April 5, where they will vote on whether to accept its proposed rescue plan.

Justice Aedit Abdullah also ruled on Thursday that holders of Hyflux's S$400 million perpetual preference shares issued in 2011 and S$500 million perpetual capital securities issued in 2016 will be schemed as one class, as proposed by Hyflux.