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MARKETS & INVESTING | Staff Reporter, Singapore
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Hyflux creditors urged to file proof of claims by 15 February

Their proofs will be necessary for the basis to vote on scheme proposals and to get their payments.

Embattled water treatment firm Hyflux announced that concerned creditors should file their proof of claims by 5 pm of 15 February, an announcement revealed.

Their proofs will be needed for “the purpose of meetings to be convened for considering and voting on a compromise or arrangement under the Companies Act,” the firm explained.

Also read: Hyflux seeks super priority debt status for $530m investment from Indonesia

Further details on the schedule of the scheme meetings will be bared after the Singapore High Court announces the details, the firm added.

“The scheme meetings will be for all bank lenders, holders of the securities detailed below and trade creditors of the scheme companies,” Hyflux noted. “These parties are requested to set out, in their proofs, all known obligations the scheme companies have towards them including present, contingent, future, disputed or undisputed obligations.”

Meanwhile, the holdings as recorded by the Central Depository (CDP) will be treated by proofs for those who will fail to file their claims but are holders of bonds, perpetual securities, and preference shares in Hyflux.
 

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