Singapore High Court Extends Hyflux Debt Moratorium; Judicial Management May Follow

30 Jul 2020 by OOSKAnews Correspondent
SINGAPORE, Singapore

Unsecured bank lenders to troubled environmental services company Hyflux Ltd have succeeded in their appeal to the Singapore High Court to allow them to file an application to put the company under judicial management.More OOSKAnews coverage of the Hyflux Ltd sagaThe group consisting of Mizuho Bank, KfW, Bangkok Bank, BNP Paribas, Standard Chartered Bank, CTBC Bank and the Korea Development Bank holds more than $655 Million USD in debt. Their final application is due on August 7, after which a hearing will be set. The debt moratorium has been extended from July 30 until the hearing.This is the second time the group has requested such action in the two years of attempted restructuring of the company...

Request Subscription

SUBSCRIBE FREE to "The Water Diplomat" (monthly), or try the OOSKAnews International Water Weekly (paid subscription)