Singapore’s national water agency PUB said it will take over Hyflux’s Tuaspring Desalination Plant, after it terminated the water purchase agreement.
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 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 provided Hyflux a binding offer for a S$400M investment, Richard Menezes, the CEO of the UAE-based company, said Sunday, Reuters reported.
Keppel FELS obtained a more than S$150M contract from Danish renewable energy company Orsted for two offshore wind-farm substations, Keppel said Sunday.
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.
These are Singapore companies which may be in focus on Wednesday, 8 May 2019: Keppel, Swiber, CapitaLand Mall Trust, Hyflux, Perennial and Kimly.
A consortium of Keppel FELS and Aibel obtained a major contract to design and build onshore and offshore converter stations for a wind-power project.
The judicial managers of troubled marine engineering group Swiber Holdings recommended Tuesday creditors vote in favor of the restructuring proposal.
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 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.
These are Singapore companies which may be in focus on Monday, 29 April 2019: DBS, Mapletree Logistics Trust, HPHT, Sheng Siong and Hyflux.
Hyflux said Thursday its troubled Tuaspring plant received a letter from Maybank declaring immediately payable nearly S$600 million.
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.
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 said Friday creditor Maybank terminated its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect.
Singapore’s water regulator PUB said Wednesday it issued a notice to Hyflux’s Tuaspring Desalination Plant that it would take over the plant.
These are Singapore stocks which may be in focus on Tuesday, 16 April 2019: Singapore Airlines, Keppel DC REIT and Keppel infrastructure Trust.
Hyflux said Monday it filed suit in Singapore’s High Court against SM Investments, claiming its now-jilted investor repudiated the restructuring deal.
TEE International said Monday it plans to spin off its infrastructure business into a listing on SGX’s Catalist board for smaller enterprises.
Water infrastructure player Hyflux’s default could be the harbinger of more financial distress cases for the Singapore bond market, S&P said Monday.
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.
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.
Troubled Singapore infrastrucure player Hyflux said Thursday the proposed white knight investment from Indonesian consortium SM Investments has been terminated.
These are Singapore stocks which may be in focus on Tuesday, 2 April 2019: SIA Engineering, Keppel, Olam and Golden Agri-Resources.