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MARKETS & INVESTING | Staff Reporter, Singapore
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Hyflux extends deadline to file proofs of claim to 1 March

Parties are requested to set out all known obligations the scheme companies have towards them.

Embattled water treatment firm Hyflux has pushed the deadline for its creditors to file proofs of claim from 15 February to 1 March, an announcement revealed.

Also Read: Hyflux creditors urged to file proof of claims by 15 February

Their proofs will be required for the purpose of meetings to be convened for considering and voting on a compromise or arrangement under the Companies Act, the firm explained. Parties are requested to set out all known obligations the scheme companies have towards them including present, contingent, future, disputed or undisputed obligations.

“Holders of the notes, perpetual securities, and preference shares who do not file a proof will be deemed to have authorised the company to file a proof on their behalf based on the holdings reflected in the Central Depository (CDP) records,” Hyflux added.

Also read: Hyflux's Tuaspring deal gets fifth extension

If no proof is filed by the holder, the proposed chairman will admit for the purpose of the scheme meetings, all amounts in respect of the holdings of that party reflected in the records of the CDP, the announcement stated.

Stakeholders can access the relevant proof forms through Hyflux’s website. 

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