Hyflux agrees to restructuring deal, with Utico to invest up to S$400 million
Hyflux has agreed to a restructuring deal, with Utico FZC to pay S$300 million for new shares representing 95 percent of the troubled water company.
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UDPATE: Singapore stocks to watch Thursday: Temasek, YZJ, ComfortDelGro, SPH, Olam, Keppel, Yoma, Eagle Hospitality
These are Singapore companies which may be in focus on Thursday, 14 Nov. 2019: Temasek, Yangzijiang, ComfortDelGro, Olam, Keppel and Eagle Hospitality Trust.
Hyflux: Still in talks with Utico on key terms for restructuring deal
Hyflux said Wednesday it remained in negotiations on the key commercial terms for any restructuring agreement it might sign on Utico’s proposed investment.
Utico says to lower bid for Hyflux if deal isn’t signed by next week
Utico FZC said Thursday it would lower its bid for Hyflux to S$200 million to the senior unsecured creditors and a S$100 million shareholder loan if a deal isn’t signed by early next week.
UPDATE: Singapore stocks to watch Thursday: CapitaLand, CityDev, AA REIT, ST Engineering, Hyflux
These are Singapore companies which may be in focus on Thursday, 24 October 2019: CapitaLand, City Developments, AIMS APAC REIT, ST Engineering and Hyflux.
UPDATE: Singapore stocks to watch Tuesday: Keppel REIT, ComfortDelGro, BreadTalk, Hyflux, First REIT, GENS
These are Singapore companies which may be in focus on Tuesday, 1 October 2019: BreadTalk, Genting Singapore, Hyflux, First REIT, Sunpower and Spackman.
ESR-REIT leases space at 8 Tuas Lane, lowering dependence on Hyflux tenancy
ESR-REIT said Thursday it has leased around 168,846 square feet of space at 8 Tuas South Lane in a deal lessening the REIT’s dependence on troubled Hyflux.
Hyflux says still finalizing agreement for Utico investment
Hyflux indicated late Wednesday it hasn’t signed a definitive agreement with Utico for an investment, pending resolution on some outstanding issues.
Utico says it signed deal to invest in Hyflux
U.A.E.-based infrastructure player Utico FZC said early Tuesday it signed a restructuring agreement to take an 88 percent stake in troubled Hyflux.
Hyflux: To negotiate exclusively with potential investor Utico FZC
Hyflux said Friday it will negotiate exclusively with Utico FZC until the developer’s 26 August deadline to reach a definitive agreement for an investment.
UPDATE: Singapore stocks to watch Thursday: SIA, SGX, Singtel, Hyflux, Stamford Land, No Signboard
These are Singapore stocks which may be in focus on Thursday, 1 August 2019: SIA, SGX, Hyflux, Singtel, Stamford Land, No Signboard and Soilbuild.
Hyflux clarifies size of potential investment from Utico
Hyflux said Wednesday it sought clarification from Utico after media reports emerged with conflicting valuations for the UAE-based company’s investment.
Utico and Hyflux reach deal with total S$400 million investment
Troubled water infrastructure player Hyflux said Thursday it reached a deal for Utico FZC to make a S$300 million equity investment and a S$100 million loan.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
Hyflux renegotiates 617 million yuan loan facility with Bank of China
Hyflux said Wednesday it renegotiated a CNY617M loan facility agreement between its wholly owned subsidiary, Tianjin Dagang Newspring, and Bank of China.
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Hyflux receives new non-binding offer for potential investment
Hyflux said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.
UPDATE: Singapore stocks to watch Thursday: Singtel, Swiber, Sembcorp, Frasers Centrepoint, Allied Tech
These are Singapore companies which may be in focus on Thursday, 30 May 2019: Singtel, Swiber, Sembcorp Industries, Frasers Centrepoint and Allied Tech.
Hyflux clarifies meeting with Utico
Hyflux clarified Tuesday that its meeting with last week with potential investor Utico included “no conclusive numbers” or finalised deal.
Singapore PUB: Taking over Tuaspring Desalination Plant
Singapore’s national water agency PUB said it will take over Hyflux’s Tuaspring Desalination Plant, after it terminated the water purchase agreement.
Hyflux: Potential investor interested in acquiring Algeria and Oman assets
Hyflux said Wednesday it received interest from an investor interested in acquiring certain assets in Algeria and Oman and in the Middle East and North Africa.
Hyflux: Did not enter into binding term sheet with Utico
Hyflux has received a binding offer from UAE-based Utico, but has not accepted or entered into a binding deal, the Singapore water player said Tuesday.
Utico submits binding offer to invest S$400 million in Hyflux: Reuters
Utico provided Hyflux a binding offer for a S$400M investment, Richard Menezes, the CEO of the UAE-based company, said Sunday, Reuters reported.
Hyflux: Oyster Bay Fund weighing investment of up to S$500 million
Hyflux said Friday it received a non-binding letter of intent from Oyster Bay Fund, which proposed an investment of up to S$500 million.
Singapore stocks to watch Wednesday: Keppel, CapitaLand Mall Trust, Swiber, Hyflux, Perennial, Kimly
These are Singapore companies which may be in focus on Wednesday, 8 May 2019: Keppel, Swiber, CapitaLand Mall Trust, Hyflux, Perennial and Kimly.
Hyflux: Received payment demand from BNP Paribas
Hyflux said Monday BNP Paribas sent a letter declaring US$57.73M payable on claims on performance bonds made by the Magtaa desalination plant project company.
Hyflux: In active talks with UAE-based Utico for possible S$400 million investment
Hyflux revealed Friday UAE-based Utico is the investor which gave a non-binding letter of intent for a possible S$400 million injection and urgent funding.
UPDATE: Singapore stocks to watch Monday: DBS, Keppel, Mapletree Logistics, Sheng Siong, Hyflux
These are Singapore companies which may be in focus on Monday, 29 April 2019: DBS, Mapletree Logistics Trust, HPHT, Sheng Siong and Hyflux.
Hyflux: Maybank issues demand letter to Tuaspring for nearly S$600 million in payments
Hyflux said Thursday its troubled Tuaspring plant received a letter from Maybank declaring immediately payable nearly S$600 million.
Hyflux: Middle Eastern utility player in talks for S$400 million investment
Hyflux said Thursday it was in talks with potential overseas investors, including with a Middle East-based entity over the possible injection of S$400M.
Hyflux: TMM makes claim for payment from Magtaa project
Arab Banking Corp. provided notice that the project company for Hyflux’s Magtaa desalination project made a claim under a contract-performance guarantee, Hyflux said Tuesday.
Hyflux: Creditor Maybank terminates collaboration deal
Hyflux said Friday creditor Maybank terminated its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect.
UPDATE: Singapore PUB to take over Hyflux’s Tuaspring plant in 30 days
Singapore’s water regulator PUB said Wednesday it issued a notice to Hyflux’s Tuaspring Desalination Plant that it would take over the plant.
UPDATE: Singapore stocks to watch Tuesday: Singapore Airlines, Keppel DC REIT, Keppel Infrastructure Trust
These are Singapore stocks which may be in focus on Tuesday, 16 April 2019: Singapore Airlines, Keppel DC REIT and Keppel infrastructure Trust.
Hyflux files suit against now jilted investor SM Investment
Hyflux said Monday it filed suit in Singapore’s High Court against SM Investments, claiming its now-jilted investor repudiated the restructuring deal.
S&P: Hyflux bond default may signal trouble ahead for Singapore bond market
Water infrastructure player Hyflux’s default could be the harbinger of more financial distress cases for the Singapore bond market, S&P said Monday.
UPDATE: Singapore stocks to watch Friday: Hyflux, Frasers Property, CapitaMall Trust
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.
Hyflux rebuts SM Investments’ allegations on third project
Hyflux Thursday rebutted fresh allegations from its now jilted white knight investor, SM Investments, saying the consortium shouldn’t have been surprised by the deal termination.
UPDATE: Hyflux says planned SM Investments restructuring deal has been terminated
Troubled Singapore infrastrucure player Hyflux said Thursday the proposed white knight investment from Indonesian consortium SM Investments has been terminated.
UPDATE: Singapore stocks to watch Monday: Swiber, SIA Engineering, SIA, Hyflux, CapitaLand
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.