Sias presses Hyflux for update on restructuring

Singapore

THE Securities Investors Association (Singapore) or Sias is seeking an update on debt-ridden water treatment firm Hyflux's restructuring.

In his latest media statement, Sias chief David Gerald said the investors' rights advocacy group is "fully supportive" of the company's request for a two-month extension to facilitate negotiations with potential white knight Utico with a view to finalise and execute the proposed restructuring agreement.