Hyflux seeks to extend debt moratorium by 2 more months
EMBATTLED water firm Hyflux and three of its subsidiaries on Thursday applied to the court for a further two-month extension of their debt moratorium, until November.
The applications for this extension will be heard at a court hearing on Sept 30, when its previous extension will expire, Hyflux said in a bourse filing late on Thursday night.
Last month, the company rebutted an assertion by potential white knight Utico that they had struck a rescue deal. In a statement on Aug 28, Hyflux clarified that a definitive agreement had not been entered into with Utico, pending resolution on "certain final outstanding issues" in the draft definitive agreements.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Shell earns US$1 billion a year from US crude trading, court filing shows
Sembcorp announces long-term power purchase agreements with Equinix
Hot stock: Singtel down about 3.3% after announcing S$3.1 billion impairment hit
Dubai begins construction of ‘world’s largest’ airport terminal
Hot stock: Seatrium up 5.6% on S$100 million share buyback programme
Gold eases as steady US dollar dampens appeal