Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation

Bloomberg2021-07-12

(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...

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Comments

Kk722
2021-07-12
Kk722
Like comment
- LawrenceHK:
  Like n comment
Gsng
2021-07-12
Gsng
Just another Sg's trash stock :/
billgoat
2021-07-12
billgoat
Comment here pls thx
billgoat
2021-07-12
billgoat
Like n comment will do the same pls thx ?
- KakaMilan:
  Please help to like as well ya, thanks
- LawrenceHK:
  Like n comment
moneytome
2021-07-12
moneytome
Aikes
doraaaa
2021-07-12
doraaaa
Like for me
- LawrenceHK:
  Like n comment

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Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. 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Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.</p>\n<p>The decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.</p>\n<p>One of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.</p>\n<p>The piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Distressed Hyflux Faces Court Hearing on Liquidation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600.SI":"凯发"},"source_url":"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105201166","content_text":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.\nThe hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146848877,"gmtCreate":1626069980299,"gmtModify":1703752746616,"author":{"id":"3575450514388817","authorId":"3575450514388817","name":"billgoat","avatar":"https://static.tigerbbs.com/fc76a7fc5977bef70d009c633f1ce4c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575450514388817","idStr":"3575450514388817"},"htmlText":"Comment here pls thx","listText":"Comment here pls thx","text":"Comment here pls thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146848877","repostId":1105201166,"repostType":4,"repost":{"id":"1105201166","pubTimestamp":1626061181,"share":"https://ttm.financial/m/news/1105201166?lang=&edition=fundamental","pubTime":"2021-07-12 11:39","market":"sg","language":"en","title":"Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation","url":"https://stock-news.laohu8.com/highlight/detail?id=1105201166","media":"Bloomberg","summary":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company b","content":"<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.</p>\n<p>The hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.</p>\n<p>The decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.</p>\n<p>One of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.</p>\n<p>The piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Distressed Hyflux Faces Court Hearing on Liquidation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600.SI":"凯发"},"source_url":"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105201166","content_text":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.\nThe hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146848338,"gmtCreate":1626069967124,"gmtModify":1703752746284,"author":{"id":"3575450514388817","authorId":"3575450514388817","name":"billgoat","avatar":"https://static.tigerbbs.com/fc76a7fc5977bef70d009c633f1ce4c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575450514388817","idStr":"3575450514388817"},"htmlText":"Like n comment will do the same pls thx ?","listText":"Like n comment will do the same pls thx ?","text":"Like n comment will do the same pls thx ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/146848338","repostId":1105201166,"repostType":4,"repost":{"id":"1105201166","pubTimestamp":1626061181,"share":"https://ttm.financial/m/news/1105201166?lang=&edition=fundamental","pubTime":"2021-07-12 11:39","market":"sg","language":"en","title":"Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation","url":"https://stock-news.laohu8.com/highlight/detail?id=1105201166","media":"Bloomberg","summary":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company b","content":"<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.</p>\n<p>The hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.</p>\n<p>The decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.</p>\n<p>One of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.</p>\n<p>The piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Distressed Hyflux Faces Court Hearing on Liquidation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600.SI":"凯发"},"source_url":"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105201166","content_text":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.\nThe hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194046,"gmtCreate":1626070081892,"gmtModify":1663230853244,"authorId":4087187925171070,"author":{"id":4087187925171070,"idStr":"4087187925171070","authorId":4087187925171070,"name":"KakaMilan","avatar":"https://static.tigerbbs.com/b42a920617da7c939aec9850eb5a3b37","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146848338,"type":1,"supId":0,"prevId":0,"content":"Please help to like as well ya, <u>thanks</u>","text":"Please help to like as well ya, <u>thanks</u>","html":"Please help to like as well ya, <u>thanks</u>"},{"id":5194168,"gmtCreate":1626071824328,"gmtModify":1663230852353,"authorId":3574370931879602,"author":{"id":3574370931879602,"idStr":"3574370931879602","authorId":3574370931879602,"name":"LawrenceHK","avatar":"https://static.tigerbbs.com/e791088ad59aadbb3eca7742f1e73576","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146848338,"type":1,"supId":0,"prevId":0,"content":"Like n comment","text":"Like n comment","html":"Like n comment"}],"langContent":"EN"},{"id":146843953,"gmtCreate":1626069786772,"gmtModify":1703752742200,"author":{"id":"4087193663123660","authorId":"4087193663123660","name":"moneytome","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4087193663123660","idStr":"4087193663123660"},"htmlText":"Aikes&nbsp;","listText":"Aikes&nbsp;","text":"Aikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146843953","repostId":1105201166,"repostType":4,"repost":{"id":"1105201166","pubTimestamp":1626061181,"share":"https://ttm.financial/m/news/1105201166?lang=&edition=fundamental","pubTime":"2021-07-12 11:39","market":"sg","language":"en","title":"Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation","url":"https://stock-news.laohu8.com/highlight/detail?id=1105201166","media":"Bloomberg","summary":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company b","content":"<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.</p>\n<p>The hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.</p>\n<p>The decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.</p>\n<p>One of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.</p>\n<p>The piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Distressed Hyflux Faces Court Hearing on Liquidation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600.SI":"凯发"},"source_url":"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105201166","content_text":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.\nThe hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146840151,"gmtCreate":1626069611973,"gmtModify":1703752740067,"author":{"id":"3581395444646103","authorId":"3581395444646103","name":"doraaaa","avatar":"https://community-static.tradeup.com/news/89f4634f3adccf2204fadaac66e2947d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581395444646103","idStr":"3581395444646103"},"htmlText":"Like for me&nbsp;","listText":"Like for me&nbsp;","text":"Like for me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146840151","repostId":1105201166,"repostType":4,"repost":{"id":"1105201166","pubTimestamp":1626061181,"share":"https://ttm.financial/m/news/1105201166?lang=&edition=fundamental","pubTime":"2021-07-12 11:39","market":"sg","language":"en","title":"Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation","url":"https://stock-news.laohu8.com/highlight/detail?id=1105201166","media":"Bloomberg","summary":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company b","content":"<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.</p>\n<p>The hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.</p>\n<p>The decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.</p>\n<p>One of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.</p>\n<p>The piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Distressed Hyflux Faces Court Hearing on Liquidation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Distressed Hyflux Faces Court Hearing on Liquidation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600.SI":"凯发"},"source_url":"https://finance.yahoo.com/news/singapore-distressed-hyflux-faces-court-024743722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105201166","content_text":"(Bloomberg) -- Hyflux Ltd.’s judicial manager will bring a plan to liquidate the Singapore company before a court on Monday, following a years-long saga in one of the city-state’s most high-profile distressed cases.\nThe hearing comes after the court-appointed manager in charge of the water treatment company since November applied last month to wind up the firm. Judicial manager Borrelli Walsh Ltd. said in a statement in June that “the remaining value” of the Hyflux Group is best realized in a liquidation.\nThe decision may cap a drawn-out saga around the company, which has left retail investors and creditors holding losses. Hyflux began a court-supervised debt restructuring process in May 2018 and faced about S$2.8 billion ($2.1 billion) of investor claims. It received multiple offers from several bidders along the way, none of which concluded.\nOne of its suitors, United Arab Emirates-based Utico FZC which has been pursuing the company since 2019, said it will argue against the winding-up plan in the hearing on Monday. Hyflux said last month the judicial manager terminated discussions with Utico as it was unable to meet the conditions required.\nThe piecemeal sale of Hyflux’s assets has already started, with the company announcing last week that Keppel Infrastructure Trust will acquire from it the remaining 30% stake in a desalination plant for S$12 million. Bloomberg News had reported in June that sales in the liquidation process would likely bring in less than S$200 million, a fraction of the amount creditors are claiming.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194170,"gmtCreate":1626071848061,"gmtModify":1663230852743,"authorId":3574370931879602,"author":{"id":3574370931879602,"idStr":"3574370931879602","authorId":3574370931879602,"name":"LawrenceHK","avatar":"https://static.tigerbbs.com/e791088ad59aadbb3eca7742f1e73576","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146840151,"type":1,"supId":0,"prevId":0,"content":"Like n comment","text":"Like n comment","html":"Like n comment"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":249,"commentSize":42,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105201166"}