You are here

Hyflux seeks to extend debt moratorium by 2 more months

BP_Hyflux_200919_15.jpg
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.

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