Ascendas REIT 'not presently' pushing with Hyflux debt moratorium carve-out
This comes after the latter’s second pre-trial conference (PTC) on 2 July.
Ascendas REIT (A-REIT) has informed the High Court that it is not presently proceeding with its application to be carved out of Hyflux’s debt moratorium by the Unsecured Working Group, an SGX filing revealed.
This comes after the embattled water firm attended a second pre-trial conference (PTC) on 2 July. The PTC has set out some instructions and schedules to the parties involved in filing their affidavits, prior to the 27 July hearing led by Justice Aedit Abdullah.
In Hyflux’s first PTC last 18 June, it announced the hearing date in relation to the application to be carved out of the moratorium by the Unsecured Working Group. It will also determine issues on any application to be carved out of the moratorium by RBC Investors Services Trust Singapore (as trustee of ESR-REIT) and/or HSBC Institutional Trust Services (Singapore) Limited (as trustee of Ascendas Real Estate Investment Trust).