Hyflux

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Hyflux gets offer from new investor to purchase debts of $1.8 bil from creditors, subsidiaries
https://www.theedgesingapore.com/news/r ... bsidiaries


What are the lessons from the Hyflux haircut?
https://www.theedgesingapore.com/views/ ... ux-haircut

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For instance, it distributed shares in its smaller consumer water business, HyfluxShop, to shareholders via an unusual dividend in specie months before it filed for bankruptcy. Hyflux boss Olivia Lum then made a general offer to buy back these shares from investors.
Questions have been raised about whether this was a pre-emptive move to ring-fence HyfluxShop from the troubled mother ship in the event creditors came calling.

CAD, MAS and Acra launch joint probe into Hyflux and its directors
https://www.businesstimes.com.sg/compan ... -directors


Hyflux and directors under joint probe by CAD, MAS and ACRA
https://www.theedgesingapore.com/news/c ... s-and-acra

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Hyflux now has just $21.5 million in cash
https://www.theedgesingapore.com/news/c ... llion-cash

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Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA
https://www.theedgesingapore.com/news/c ... sfa-and-ca

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Olivia Lum, former Hyflux CEO, faces three additional charges
https://www.theedgesingapore.com/news/c ... al-charges