High Court to hear Hyflux's reorganisation on 19 June

Five of its subsidiaries have applied to realign their businesses.

The High Court of Singapore will hear Hyflux's application to reorganise its liabilities and businesses on 19 June 2018, the company said.

According to the announcement, the applicants comprise of its five subsidiaries, namely Hydrochem (S) Pte Ltd, Hyflux Engineering Pte Ltd, Hyflux Membrane Manufacturing (S) Pte. Ltd., Hyflux Innovation Centre Pte. Ltd. and Tuaspring Pte. Ltd.

As previously reported, Hyflux has tapped into EY and WongPartnership LLP as its financial and legal advisors respectively to help it plug massive losses brought about by weaker performance from its local and overseas markets.

The reorganisation process aims to ban proceedings that are arbitral and administrative in nature against the company as well as any legal processes against Hyflux’s properties for a six-month period, in a move that aims to preserve the company’s tethering financial standing. No appointment of a receiver or manager over any property or undertaking of Hyflux should also be conducted.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia