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.
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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.