The Business Times
business-time-50
SUBSCRIBERS

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

    Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”.

    Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage

    Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

    Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

    The flush liquidity in Singapore has weakened a historically tight link between interest rates in the city state and the US.

    Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook

    The firm on May 15 proposed injecting Marco Polo Shipyard and MP Marine into Fuji Offset Plates Manufacturing.

    Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder

    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