The Business Times
business-time-50

Hyflux winding-up hearing adjourned after intervention by Utico

google-preferred-sourceAdd BT as a preferred source

Claudia Tan HS

Published Mon, Jul 12, 2021 · 09:50 PM

    Singapore

    WHITE knight suitor Utico is making a last-ditch attempt to intervene in Hyflux's winding-up process.

    This follows a hearing before High Court Justice Aedit Abdullah on the winding-up application filed last month by Hyflux's judicial managers (JMs) from Borrelli Walsh after restructuring negotiations with potential investors had fallen through.

    HyfluxDebt restructuringjudicial managementLiquidation

    TRENDING NOW

    As National Day approaches, Singapore is a winner by most traditional measures. But despite more people qualifying as millionaires, many do not feel financially secure.

    The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge

    Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.

    Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

    Singapore consistently champions the open, rules-based order and the principle of Asean centrality that underpins regional and global stability.

    Why Asean matters more than ever to the UK and Singapore

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More