Hyflux said Wednesday it sought clarification from Utico after media reports emerged with conflicting valuations for the UAE-based company’s 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.
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
Hyflux said Wednesday it renegotiated a CNY617M loan facility agreement between its wholly owned subsidiary, Tianjin Dagang Newspring, and Bank of China.
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 said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.
These are Singapore companies which may be in focus on Thursday, 30 May 2019: Singtel, Swiber, Sembcorp Industries, Frasers Centrepoint and Allied Tech.
Hyflux clarified Tuesday that its meeting with last week with potential investor Utico included “no conclusive numbers” or finalised deal.
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.
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.
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.
Water infrastructure player Hyflux’s default could be the harbinger of more financial distress cases for the Singapore bond market, S&P said Monday.